TITLE: Relating to the appraisal and ad valorem taxation of Type 1 Municipal Solid Waste Landfills.

SUMMARY: Relating to the appraisal and ad valorem taxation of Type 1 Municipal Solid Waste Landfills.

FULL TEXT:
AN ACT relating to the appraisal and ad valorem taxation of Type 1 Municipal Solid Waste Landfills. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Chapter 23, Tax Code is amended by adding Section 23.27 to read as follows: Sec. 23.27. APPRAISAL OF LANDFILLS. In appraising real property comprising a regulatory "Facility" area, or real property surrounded by a regulatory "Buffer zone", as those terms are defined in Title 30, Section 330.3 of the Texas Administrative Code, the chief appraiser shall use the market data comparison method as described by Section 23.013 using comparable sales data of unimproved land divided by 12. SECTION 2. This Act takes effect January 1, 2024.