10:00 AM, Wednesday, April 14, 2010
E1.036 (Finance Room)
Senator Steve Ogden
The Senate Finance Committee will meet on April 14, 2010 at 10:00 a.m. in
room E1.036 of the Capitol Extension.  The Committee will hear invited and
public testimony regarding the Committee's interim charge to:
Identify and evaluate potential improvements to the property tax system.
Consider and make recommendations relating to the following:
Methods to increase public participation in the tax rate-setting process
and ensure fairness in appraisal protests and appeals;
Requirement that property appraisal values may not increase by more than
inflation and/or population growth, or another amount to be determined by
local taxing authorities, with a maximum cap of 10 percent;
Exemptions provided to community housing development organizations to
determine if changes are needed to ensure that the public benefits
outweigh the revenue loss;
Methods and procedures for determining a real property interest in oil or
gas in place, as contained in Texas Tax Code Sec. 23.175, including how
market-based data and market-based methodology could possibly be used to
ensure fair, reliable, and equitable price forecasts of oil and gas
interests. Analyze the need for the creation of an Oil and Gas Valuation
Advisory Committee to assist in forecasting current calendar year
statewide average prices for oil and gas; and
the constitutional constraints and fiscal implications of exempting real
property, leased to a school, as defined by Section 11.21 of the Tax Code,
from ad valorem taxation.
Those wishing to give public testimony, please limit prepared remarks to 3
minutes.  If submitting written testimony, please provide 25 copies, with
your name on each copy, to the Committee during the hearing.
** See Committee Coordinator for previous versions of the schedule **