Bill Text: TX HB287 | 2021 | 87th Legislature 1st Special Session | Introduced
Bill Title: Relating to a study by Texas A&M University of the appraisal of agricultural land for ad valorem tax purposes.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2021-07-16 - Filed [HB287 Detail]
Download: Texas-2021-HB287-Introduced.html
| 87S10261 DRS-D | ||
| By: Rogers | H.B. No. 287 | |
|
|
||
|
|
||
| relating to a study by Texas A&M University of the appraisal of | ||
| agricultural land for ad valorem tax purposes. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. STUDY ON TAX APPRAISAL OF AGRICULTURAL LAND. (a) | ||
| The president of Texas A&M University shall designate a department | ||
| or entity at the university to conduct a study of the methods and | ||
| procedures for appraising agricultural land for ad valorem tax | ||
| purposes. | ||
| (b) The study must consider the feasibility and effect of: | ||
| (1) authorizing the comptroller of public accounts to | ||
| accept actual agricultural production data, including data | ||
| regarding expenses and income from production of crops and | ||
| livestock, from an appraisal district in developing rules for the | ||
| appraisal of agricultural land for ad valorem tax purposes; | ||
| (2) determining net to land value by averaging the | ||
| annual net income that a class of land would likely generate over a | ||
| 10-year period; | ||
| (3) requiring all of the production expenses incurred | ||
| by a property owner and a tenant, regardless of whether the expenses | ||
| are shared expenses between the property owner and the tenant, to be | ||
| considered when appraising agricultural land; | ||
| (4) requiring a person appraising agricultural land | ||
| for taxation to have knowledge and experience in agricultural land | ||
| valuation; and | ||
| (5) requiring each appraisal review board to have | ||
| equal membership from rural and non-rural areas. | ||
| SECTION 2. REPORT. Not later than January 1, 2023, Texas | ||
| A&M University shall submit a report on the results of the study to | ||
| the lieutenant governor, the speaker of the house of | ||
| representatives, and each standing committee of the legislature | ||
| with jurisdiction over agricultural matters. | ||
| SECTION 3. EXPIRATION. This Act expires September 1, 2023. | ||
| SECTION 4. EFFECTIVE DATE. 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. | ||
