Bill Text: TX HB3614 | 2017-2018 | 85th Legislature | Introduced

Texas House Bill 3614 (Prior Session Legislation)

Introduced

Bill Title: Relating to the definition of new property value for purposes of the calculation of certain ad valorem tax rates for a county.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2017-04-12 - Left pending in committee [HB3614 Detail]

Download: Texas-2017-HB3614-Introduced.html



	By: Morrison	H.B. No. 3614



	A BILL TO BE ENTITLED
	AN ACT
	relating to the definition of new property value for purposes of the
	calculation of certain ad valorem tax rates for a county.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1. Section 26.012(17), Tax Code, is amended to read
	as follows:
	(17) "New property value" means:
	(A) the total taxable value of property added to
	the appraisal roll in the current year by annexation and
	improvements listed on the appraisal roll that were made after
	January 1 of the preceding tax year, including personal property
	located in new improvements that was brought into the unit after
	January 1 of the preceding tax year;
	(B) property value that is included in the
	current total value for the tax year succeeding a tax year in which
	any portion of the value of the property was excluded from the total
	value because of the application of a tax abatement agreement to all
	or a portion of the property, less the value of the property that
	was included in the total value for the preceding tax year; [~~and~~]
	(C) for purposes of an entity created under
	Section 52, Article III, or Section 59, Article XVI, Texas
	Constitution, property value that is included in the current total
	value for the tax year succeeding a tax year in which the following
	occurs:
	(i) the subdivision of land by plat;
	(ii) the installation of water, sewer, or
	drainage lines; or
	(iii) the paving of undeveloped land; and
	(D) for purposes of a county, the increase in
	total taxable value of real property interests in oil or gas in
	place listed on the appraisal roll in the current year attributable
	to the production of oil or gas from wells completed after January 1
	of the preceding year.
	SECTION 2. This Act applies to the calculation of certain ad
	valorem tax rates for a county only for a tax year beginning on or
	after the effective date of this Act.
	SECTION 3. This Act takes effect J
	anuary 1, 2018.