Bill Text: TX HB105 | 2021 | 87th Legislature 1st Special Session | Introduced
Bill Title: Relating to a study of the impact, feasibility, and advisability of adopting a property tax system in which the disclosure of the sales price of real property is required by law.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2021-07-08 - Filed [HB105 Detail]
Download: Texas-2021-HB105-Introduced.html
By: Bernal | H.B. No. 105 |
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relating to a study of the impact, feasibility, and advisability of | ||
adopting a property tax system in which the disclosure of the sales | ||
price of real property is required by law. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. (a) The comptroller shall conduct a study of the | ||
impact, feasibility, and advisability of adopting a property tax | ||
system in which the disclosure of the sales price of real property | ||
is required by law. | ||
(b) The comptroller shall establish an advisory committee | ||
to assist the comptroller in conducting the study. The advisory | ||
committee must be composed of: | ||
(1) the following representatives appointed by the | ||
comptroller: | ||
(A) one representative of a school district that | ||
is required to reduce its local revenue level under Section 48.257, | ||
Education Code; | ||
(B) one representative of a school district that | ||
receives state aid under Chapter 48, Education Code; | ||
(C) one member of a county commissioners court; | ||
(D) one member of the governing body of a | ||
municipality; | ||
(E) one member of the governing body of a | ||
political subdivision other than a school district, county, or | ||
municipality; | ||
(F) one or more representatives of appraisal | ||
districts; | ||
(G) one or more representatives of the profession | ||
of real estate agents; | ||
(H) one or more representatives of property tax | ||
payers; | ||
(I) one or more representatives of organizations | ||
interested in the effect of public policy on low-income and | ||
moderate-income households; and | ||
(J) one or more representatives of other | ||
appropriate interested organizations or members of the public, as | ||
determined by the comptroller; | ||
(2) one member of the house of representatives | ||
appointed by the speaker of the house of representatives; and | ||
(3) one member of the senate appointed by the | ||
lieutenant governor. | ||
(c) The comptroller, with the assistance of the advisory | ||
committee, shall study: | ||
(1) the impact on the property tax system, property | ||
tax revenue of school districts and other taxing units, the | ||
allocation of property tax burdens among taxpayers, and the cost to | ||
the state to fund public education: | ||
(A) under the current system in which the | ||
disclosure of the sales price of real property is not required by | ||
law; and | ||
(B) under a system in which the disclosure of the | ||
sales price of real property would be required by law; | ||
(2) the statutory and administrative changes that | ||
would be necessary to effectively collect, disseminate, and use | ||
sales price information; | ||
(3) the annual cost to purchase real property sales | ||
price information from a private entity, such as a multiple listing | ||
service, compared to the annual cost to obtain that information | ||
under a system in which the disclosure of the sales price of real | ||
property would be required by law; and | ||
(4) the annual cost to appraisal districts of all | ||
property tax protests and appeals filed under Chapters 41, 41A, and | ||
42, Tax Code, and Subchapter Z, Chapter 2003, Government Code. | ||
(d) In studying the allocation of property tax burdens among | ||
taxpayers, the comptroller and the advisory committee must compare | ||
the tax burden among property owners of each classification of real | ||
property, including a comparison of the burden on owners of: | ||
(1) commercial properties as compared to | ||
single-family residential properties; | ||
(2) industrial properties as compared to | ||
single-family residential properties; and | ||
(3) single-family residential properties for which | ||
the sales price of the property is provided by a private entity, | ||
such as a multiple listing service, to a chief appraiser for use by | ||
the chief appraiser in determining the appraised value of the | ||
property as compared to single-family residential properties for | ||
which the sales price is not provided. | ||
(e) The comptroller and the advisory committee shall | ||
prepare a report that: | ||
(1) makes findings and recommendations regarding the | ||
issues studied under Subsection (c) of this section; | ||
(2) forecasts the fiscal impact to state revenue for | ||
the following three state fiscal bienniums under a system in which | ||
the disclosure of the sales price of real property would be required | ||
by law as compared to a system in which the sales price of real | ||
property is not required by law; and | ||
(3) lists each type of taxing unit that would be | ||
impacted under a system in which the disclosure of the sales price | ||
of real property would be required by law. | ||
(f) The comptroller may contract with appraisal districts, | ||
taxing units, or other appropriate entities for assistance and to | ||
obtain information necessary to conduct the study. A state agency, | ||
appraisal district, or taxing unit shall assist the comptroller if | ||
the comptroller requests information or assistance in conducting | ||
the study. | ||
(g) Not later than December 1, 2022, the comptroller shall | ||
submit to the governor, lieutenant governor, and speaker of the | ||
house of representatives the report prepared under Subsection (e) | ||
of this section. | ||
SECTION 2. This Act expires September 1, 2023. | ||
SECTION 3. This Act takes effect immediately if it receives | ||
a vote of two-thirds of all the members elected to each house, as | ||
provided by Section 39, Article III, Texas Constitution. If this | ||
Act does not receive the vote necessary for immediate effect, this | ||
Act takes effect on the 91st day after the last day of the | ||
legislative session. |