Amend CSHB 2 (house committee report) by adding the following appropriately numbered ARTICLE to the bill and renumbering the ARTICLES of the bill accordingly:
ARTICLE ____. NOTICE PROVIDED TO PERSON WHO ACQUIRES SINGLE-FAMILY RESIDENCE
SECTION ____.01. Chapter 25, Tax Code, is amended by adding Section 25.194 to read as follows:
Sec. 25.194. NOTICE PROVIDED TO PERSON WHO ACQUIRES SINGLE-FAMILY RESIDENCE. On a change of ownership of a single-family residence, the chief appraiser shall provide to the person who acquires the residence information regarding:
(1) the ad valorem tax system in this state;
(2) the exemptions for which the property may qualify and how to apply for those exemptions;
(3) an estimate of the total amount of ad valorem taxes that will be imposed on the property for the year in which the person acquired it; and
(4) an estimate of the value of the exemptions for which the property may qualify.