BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTIONA1.AASection 21.0113, Property Code, is amended by adding Subsections (c), (d), (e), and (f) to read as follows: (c)AANotwithstanding Subsection (b), a private entity, as Shortly after the election, on November 12, 2018, Texas legislators and legislators-elect began filing bills for the 86th Legislature. But they can’t really start right away. As of this writing on … The Texas REALTORS® headquarters is just across the street from the Texas Capitol, so be sure to make plans to head over and enjoy a barbecue lunch after your meetings. This new law prevents a governmental entity (city/county) from requiring or prohibiting the use of certain building methods, products, or materials in the construction of a residential or commercial structure. However, none of these measures ultimately passed, but they highlighted taxpayers’ growing frustration with the process and reasons behind skyrocketing property tax bills. REALTOR®-supported Senate Bill 962 continues the development of a stronger highway system for Texas. New legislation touches various aspects of the commercial real estate development process, such as permitting fees, rollback tax … a. Greg Abbott. Texas REALTORS® staff worked on your behalf with the Sunset Commission and staff on final recommendations for TREC that were reflected in the legislation—REALTOR®-supported Senate Bill 624, authored by Sen. Robert Nichols and sponsored by Rep. Senfronia Thompson. Here's what REALTORS® need to know. On election day 2018, Texas voters made a statement, and some counties changed from red to blue. The Texas Legislature agreed that property tax reform is critical, passing REALTOR®-supported Senate Bill 2, also known as “The Texas Property Tax Reform and Transparency Act.”. How Real Estate Won in the Texas Legislative Session. Provides information on legislation, committees, house, and senate. This REALTOR®-supported law is a comprehensive reform of the state’s public school finance system and property tax system to lessen the burden on local property taxpayers while increasing the state’s investment in educators and students. You will not post any defamatory, discriminatory, libelous, threatening, vulgar, sexually explicit, abusive, profane, rude, or obscene content (including comments); b. Texas REALTORS® provides content through various online platforms, including this blog. You will not post any defamatory, discriminatory, libelous, threatening, vulgar, sexually explicit, abusive, profane, rude, or obscene content (including comments); b. We may see proposed legislation that would make this a requirement statewide, regardless of a county’s population. This new law further updates those provisions to allow more homeowners the ability to access the hard-earned equity in their homes while maintaining the strong consumer protections in the Texas Constitution. a. In 2017, voters approved a REALTOR®-supported constitutional amendment (Prop 2) to modernize the home equity lending process for property owners. REALTOR®-supported House Bill 852 was authored by Rep. Justin Holland—who is a Texas REALTOR® himself—and sponsored by Sen. Pat Fallon. NAR is offering virtual training webinars to answer questions about changes to the Code of Ethics. This could be any issue the governor wants to be prioritized in that year’s session, or any issue the governor wants to support. This link takes you to a listing from the Texas Legislature Online showing information for 473 bills from the 86th regular session effective immediately. The governor could call lawmakers back to the Capitol for a special session—or two or three—to consider legislation related to specific issues determined by the governor. The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. Representatives (and state senators) receive $7,200 per year and $124 per diem during legislative sessions; mileage allowance at same rate provided by law for state employees. Senate Bill 8 (authored by Sen. Charles Perry and sponsored by Rep. Lyle Larson) creates a statewide flood plan. The 86th Texas Legislature adjourned May 27, closing out a monumental session for Texas real estate consumers and private property rights. Applicability of the legal principles discussed in this material may differ substantially in individual situations. You will not use our blog posts or posted content to do anything unlawful, misleading, malicious, or discriminatory; and. The legislation was authored by Sen. Paul Bettencourt and sponsored by Rep. Dustin Burrows. From the state budget to health care to education policy — and the politics behind it all — we focus on what Texans … By interacting with any of our blog posts, you agree to comply with the following terms and conditions: Texas REALTORS®, in its sole discretion, reserves the right to remove any content you have uploaded, posted, or submitted onto any of our blog posts if we believe that it violates these terms or conditions. The 86 th Texas Legislature adjourned May 27, closing out a monumental session for Texas real estate consumers and private property rights. Abbott’s website. Chairman Bates’s comments were included on Gov. Dawn Buckingham, protects Texas property owners. 86th Legislature Education Taxes & Spending Texas Teachers Receive Substantial Pay Raises this School Year, Report Shows Isaiah Mitchell October 30, 2020 Legislation passed in 2019 has raised pay for teachers, librarians, counselors, and nurses at public schools amid student withdrawals. Relating to the continuation and functions of the Texas Real Estate Commission and the Texas Appraiser Licensing and Certification Board; changing fees. Larry Taylor and Paul Bettencourt, propose a constitutional amendment to provide a temporary property tax exemption for qualified property damaged by a disaster, with the following ballot language: “The constitutional amendment authorizing the legislature to provide for a temporary exemption from ad valorem taxation of a portion of the appraised value of certain property damaged by a disaster.”. The legislation was authored by Sen. Robert Nichols and sponsored by Rep. John Zerwas. The Sunset Commission issued a report in October listing recommendations to improve the service TREC provides to license holders and consumers. TX HB2403 | 2019-2020 | 86th Legislature. The new law implements the Sunset Commission’s recommendations for TREC, such as extending TREC for six years, allowing the agency to maintain its self-directed, semi-independent status, and requiring additional reporting to the Legislature, governor, and Sunset Commission. Sharon Reuler, PC, is a small boutique real estate law firm that represents a select number of real estate developers who create subdivisions and condominiums to be governed by owners associations. REALTOR®-supported House Bill 2439, authored by Rep. Dade Phelan and sponsored by Sen. relating to the acquisition of real property by an entity with eminent domain authority. The Commission declined to make changes because doing so would go against the statutory mandates of the 86th Texas Legislature. Then, we monitored bills that had the potential to directly or indirectly affect the Texas real estate industry. 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