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Relating to the additional ad valorem tax and interest imposed as a
result of a change of use of certain land.
Estimated Two-year Net Impact to General Revenue Related Funds for HB1743, As Engrossed: a negative impact of ($3,686,000) through the biennium ending August 31, 2021.
The bill would make no appropriation but could provide the legal basis for an appropriation of
funds to implement the provisions of the bill.
Texas Action supports HB 1743 for promoting the principles of property rights and limited government. While we would like to see more long-term property tax relief in the state, this bill makes a good attempt at lowering additional taxes required to be paid by property owners that undergo a change of use on their land following a specific appraisal.