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A BILL TO BE ENTITLED
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AN ACT
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relating to a study of the desirability, feasibility, and effects |
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of limiting the appraised value of real property for ad valorem tax |
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purposes to the value when the owner acquired the property and |
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determining that value on the basis of the purchase price of the |
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property, if applicable. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. DEFINITION. In this section, "commission" means |
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the Real Property Appraisal Study Commission. |
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SECTION 2. COMPOSITION OF COMMISSION. The commission is |
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composed of nine members as follows: |
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(1) the comptroller of public accounts; |
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(2) two chief appraisers appointed by the comptroller |
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of public accounts, one of whom is employed by an appraisal district |
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established in an urban county and one of whom is employed by an |
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appraisal district established in a rural county; |
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(3) two members of the senate appointed by the |
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lieutenant governor; |
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(4) two members of the house of representatives |
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appointed by the speaker of the house of representatives; and |
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(5) two public members appointed by the governor. |
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SECTION 3. PRESIDING OFFICER. The comptroller of public |
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accounts is the presiding officer of the commission. |
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SECTION 4. MEETINGS. The commission shall meet at the call |
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of the presiding officer of the commission. |
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SECTION 5. STAFF. The staff of the office of the |
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comptroller of public accounts shall serve as the staff of the |
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commission. |
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SECTION 6. COMPENSATION; REIMBURSEMENT FOR EXPENSES. A |
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commission member is not entitled to receive compensation for |
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service on the commission but is entitled to reimbursement for |
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actual and necessary expenses, including travel expenses, incurred |
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by the member in performing commission duties. |
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SECTION 7. STUDY. The commission shall conduct a study of |
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the desirability, feasibility, and effects of limiting the |
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appraised value of real property for ad valorem tax purposes to the |
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value when the owner acquired the property and determining that |
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value on the basis of the purchase price of the property, if |
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applicable, including: |
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(1) the fairness of doing so; |
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(2) the effects of doing so on the overall tax burden |
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and the distribution of the tax burden; |
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(3) the effects of doing so on the real estate market; |
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and |
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(4) the statutory, constitutional, and administrative |
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changes that would be necessary to do so. |
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SECTION 8. REPORT. Not later than December 1, 2022, the |
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commission shall issue a report of the results of the study, |
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including any legislative recommendations, to the governor, |
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lieutenant governor, and speaker of the house of representatives. |
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SECTION 9. ABOLITION AND EXPIRATION. The commission is |
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abolished and this Act expires September 1, 2023. |
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SECTION 10. EFFECTIVE DATE. This Act takes effect |
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immediately if it receives a vote of two-thirds of all the members |
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elected to each house, as provided by Section 39, Article III, Texas |
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Constitution. If this Act does not receive the vote necessary for |
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immediate effect, this Act takes effect September 1, 2021. |