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