Bill Text: TX HB182 | 2017-2018 | 85th Legislature | Introduced

Texas House Bill 182 (Prior Session Legislation)

Introduced

Bill Title: Relating to a study of the economic impact of requiring the disclosure of the sales price of real property.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Introduced - Dead) 2017-02-14 - Referred to Ways & Means [HB182 Detail]

Download: Texas-2017-HB182-Introduced.html

	85R3348 TJB-D

	By: Bernal	H.B. No. 182



	A BILL TO BE ENTITLED
	AN ACT
	relating to a study of the economic impact of requiring the
	disclosure of the sales price of real property.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1. (a) The comptroller shall conduct a study to
	examine the impact that requiring disclosure of the sales price of
	real property would have on the property tax system, property tax
	revenues, the allocation of property tax burdens among taxpayers,
	and the cost to the state to fund public education.
	(b) The comptroller shall establish an advisory committee
	to assist the comptroller in conducting the study. The advisory
	committee must be composed of representatives of:
	(1) school districts and other taxing units;
	(2) appraisal districts;
	(3) the profession of real estate agents;
	(4) organizations interested in the effect of public
	policy on low-income and moderate-income households;
	(5) organizations representing property taxpayers;
	and
	(6) other appropriate interested organizations or
	members of the public, as determined by the comptroller.
	(c) The comptroller, with the assistance of the advisory
	committee, shall study:
	(1) the impact on the property tax system, property
	tax revenues 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; and
	(2) the statutory and administrative changes that
	would be necessary to effectively collect, disseminate, and use
	sales price information.
	(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 makes findings and recommendations regarding
	the issues studied under Subsection (c) of this section.
	(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, 2018, 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, 2019.
	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 September 1, 2017.