By: Bernal H.B. No. 105       A BILL TO BE ENTITLED   AN ACT   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.