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A BILL TO BE ENTITLED
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AN ACT
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relating to the listing of separate interests in minerals in place |
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in ad valorem tax appraisal records. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 25.12(a), Tax Code, is amended to read as |
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follows: |
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(a) Except as provided by Subsection (b) [of this section], |
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each separate interest in minerals in place shall be listed |
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separately from other interests in the minerals in place in the name |
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of the owner of the interest. The chief appraiser is responsible |
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for ascertaining the ownership of interests in minerals in place on |
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the basis of duly executed and recorded instruments of title and may |
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not require an owner of a separate interest in minerals in place who |
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is the operator designated with the railroad commission to provide |
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information regarding ownership by others of separate interests in |
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minerals in place as a condition for listing the interest of the |
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operator separately from those other interests. |
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SECTION 2. This Act takes effect September 1, 2017. |