HBA-JEK, CBW H.B. 2412 77(R) BILL ANALYSIS Office of House Bill AnalysisH.B. 2412 By: Ritter Ways & Means 3/15/2001 Introduced BACKGROUND AND PURPOSE Currently, no property tax is levied at the state level; however, the laws governing the operation and administration of such a tax is made at the state level to ensure consistency and uniformity. House Bill 2412 deletes the requirement that the technical advisory committee meet at least twice a year and allows the comptroller of public accounts to certify supplemental records for rolling stock as soon as practicable upon receiving supplemental information from the chief appraiser of a county. RULEMAKING AUTHORITY It is the opinion of the Office of House Bill Analysis that this bill does not expressly delegate any additional rulemaking authority to a state officer, department, agency, or institution. ANALYSIS House Bill 2412 amends the Tax Code to remove the provision that required the technical advisory committee to meet at least semi-annually. The bill requires the chief appraiser of a county to certify corrected records to the comptroller of public accounts (comptroller) immediately upon discovering that the certification of the appraised value of the rolling stock to the comptroller was incomplete or incorrect. As soon as practicable, the bill requires the comptroller to certify to the county assessor-collector for each affected county information relating to the certification of apportioned amount of the market value of each owner's rolling stock and the name and address of each owner. The bill provides that a property owner or the owner's designated agent (agent) is entitled to inspect and copy the appraisal records from the chief appraiser relating to the property owner. In addition, the bill provides that a property owner or the agent is entitled to inspect and copy all appraisal information from a private appraisal firm. The bill sets forth provisions relating to the duties and responsibilities of the appraisal firm in making the information available for inspection and copying. The bill provides that if a property owner or agent states in a legal document under oath that the appraisal firm has not allowed for inspection and copying of the information, the appraisal review board is prohibited from holding a hearing and from approving the appraisal records until the appraisal firm has complied with these provisions. The bill requires each appraisal district in which a participating taxing unit has designated a reinvestment zone or has executed a tax abatement agreement to deliver to the comptroller before July1 rather than April 1 of the year following the year in which the zone is designated or the agreement is executed a report providing a copy of each tax abatement agreement to which a taxing unit that participates in the appraisal district is a party. EFFECTIVE DATE September 1, 2001.