Bill Text: TX SB1514 | 2017-2018 | 85th Legislature | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to the eligibility of land to continue to be appraised for ad valorem tax purposes as qualified open-space land if the land begins to be used for oil and gas operations.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Engrossed - Dead) 2017-05-19 - Committee report sent to Calendars [SB1514 Detail]
Download: Texas-2017-SB1514-Introduced.html
Bill Title: Relating to the eligibility of land to continue to be appraised for ad valorem tax purposes as qualified open-space land if the land begins to be used for oil and gas operations.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Engrossed - Dead) 2017-05-19 - Committee report sent to Calendars [SB1514 Detail]
Download: Texas-2017-SB1514-Introduced.html
85R13133 LHC-F | ||
By: Estes | S.B. No. 1514 |
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relating to the eligibility of land for appraisal for ad valorem tax | ||
purposes as qualified open-space land if the land is used for | ||
certain oil and gas operations. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Subchapter D, Chapter 23, Tax Code, is amended by | ||
adding Section 23.524 to read as follows: | ||
Sec. 23.524. OIL AND GAS OPERATIONS ON LAND. The | ||
eligibility of land for appraisal under this subchapter does not | ||
end because a lessee begins conducting oil and gas operations on the | ||
land under a lease over which the Railroad Commission of Texas has | ||
jurisdiction under Section 81.051, Natural Resources Code, if the | ||
land otherwise continues to qualify for appraisal under this | ||
subchapter. | ||
SECTION 2. The change in law made by this Act does not | ||
affect an additional tax imposed as a result of a change of use of | ||
land appraised under Subchapter D, Chapter 23, Tax Code, that | ||
occurred before the effective date of this Act. | ||
SECTION 3. This Act takes effect on the date on which the | ||
constitutional amendment proposed by the 85th Legislature, Regular | ||
Session, 2017, authorizing the legislature to provide for | ||
exceptions to the requirement that open-space land be devoted to | ||
certain purposes for ad valorem taxation based on the land's | ||
productive capacity is approved by the voters. If that amendment is | ||
not approved by the voters, this Act has no effect. |