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A BILL TO BE ENTITLED
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AN ACT
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relating to a pilot program authorizing the chief appraiser of |
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certain appraisal districts to compel certain property owners who |
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file a protest with the appraisal review board to disclose certain |
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information related to the property. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter C, Chapter 41, Tax Code, is amended by |
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adding Section 41.462 to read as follows: |
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Sec. 41.462. PILOT PROGRAM: REQUIRED DISCLOSURE OF CERTAIN |
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PROPERTY INFORMATION IN EL PASO COUNTY. (a) This section applies |
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only to a protest filed by a property owner under this chapter that |
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relates to property: |
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(1) with an appraised or market value, whichever is |
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greater, of at least $1 million as determined by the appraisal |
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district; and |
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(2) that is used in a manner consistent with |
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commercial or industrial use. |
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(b) Not later than the 30th day before the date of a hearing |
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on a protest, the chief appraiser may file a request with the |
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appraisal review board to compel the property owner to disclose to |
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the chief appraiser information relating to the sales price, rate |
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of occupancy, lease or rental income, or production capacity and |
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income of the property that is the subject of the protest. |
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(c) The appraisal review board shall order the property |
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owner to disclose the requested information to the chief appraiser |
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on receipt of a confidentiality agreement signed by the chief |
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appraiser that states that the information disclosed by the |
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property owner: |
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(1) will not be disclosed to any person other than an |
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employee of the appraisal district; and |
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(2) will be used only to establish the value of the |
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property that is the subject of the protest. |
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(d) A property owner who does not comply with an order to |
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disclose information issued under Subsection (c) forfeits the |
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property owner's right to continue the protest under this chapter. |
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(e) The pilot program shall be implemented in El Paso County |
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for a two-year period beginning with the ad valorem tax year that |
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begins January 1, 2014. |
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(f) This section expires January 1, 2016. |
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SECTION 2. Section 41.462, Tax Code, as added by this Act, |
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applies only to a protest to an appraisal review board filed by a |
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property owner on or after January 1, 2014. |
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SECTION 3. This Act takes effect January 1, 2014. |