Last session, lawmakers debated reforming the property tax system in several ways that would make the process more understandable for taxpayers, including lowering the rollback rate from 8% and providing more proactive information from local governments about their proposed tax rates. NAR is offering virtual training webinars to answer questions about changes to the Code of Ethics. Texas REALTORS® expects the Legislature to continue discussing ways to improve the current school finance system and ease the burden on local taxpayers. Shortly after the election, on November 12, 2018, Texas legislators and legislators-elect began filing bills for the 86th Legislature. The 86th Texas Legislative Session was a success for the Partnership, the Houston business community and the broader Greater Houston region. You will not use our blog posts or posted content to do anything unlawful, misleading, malicious, or discriminatory; and. The Texas Constitution says lawmakers cannot pass legislation during the first 60 days of a regular legislative session unless the legislation is related to an issue the governor has declared an emergency. As leaders in the fight for property tax and school finance reform, Texas REALTORS® issued a press release with comments from Chairman Tray Bates reinforcing our support of the legislation when the final version was rolled out. Any legal or other information found on this page or at other sites to which we link, should be verified before it is relied upon. 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. This support tells lawmakers that Texans demand the opportunity to have a say in whether their property is annexed. Convert prospects into clients with these meeting skills. A law that was passed in 2017 put Texas counties in
two categories for annexation-related purposes, based
 on population. Now we must work with the 150 members of the Texas House of Representatives and the 31 members of the Texas Senate to pass legislation that favors real estate consumers and your industry. In 2018, the Texas Real Estate Commission underwent analysis by the Texas Sunset Commission—an in-depth process also known as a “Sunset review.” The Sunset Commission’s purpose is to conduct thorough analyses of all state agencies to ensure they are providing the best and most efficient services to their stakeholders. Texas REALTORS® earned several incredible legislative victories during the 86th Texas Legislature. Texas Legislature Bills Authored / Joint Authored Rep. Cecil Bell 86th Legislature Regular Session Report Date: 12/16/2020 Number of Bills: 70. Governor Dan … Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search. Most cities and counties will be subject to a 3.5% rollback rate, Most cities and counties will have automatic elections if they exceed the rollback rate. Texas REALTORS® supported Senate Bill 339, authored by Sen. Joan Huffman and sponsored by Rep. Geanie Morrison, and House Bill 3815, authored by Rep. Morrison and sponsored by Sen. Huffman. Texas REALTORS® is committed to advocating for a strong real estate industry, advancing a culture of continued learning, and staying ahead of issues concerning members and their clients. The statutes available on this website are current through the 86th Legislature, 2019. However, some school districts don’t get to keep all of the tax dollars their property owners pay. But electing pro-real estate candidates to the Texas Legislature is just the first step. That’s why we go on record in opposition to legislation that would have detrimental effects on Texas real estate. Abbott’s website. House Bill 6 (authored by Rep. Geanie Morrison and sponsored by Sen. Lois Kolkhorst) creates a disaster recovery task force to assist with long-term recovery plans. Issues Mobilization and Political Advocacy Assessment, TACS – Texas Accredited Commercial Specialist, TAHS – Texas Affordable Housing Specialist, TRLP – Texas REALTORS® Leadership Program, TRLS – Texas Residential Leasing Specialist, TRPM – Texas Residential Property Manager, 86th Texas Legislative Session Recap: What REALTORS® Need to Know, Download a PDF version of the legislative recap, What The Tax Reform Law Means for You and Your Clients, Looking Ahead to the 86th Texas Legislature, Your Grassroots Efforts in Action at the Texas Capitol, New Real Estate-Related Laws You Should Know About, Show property owners how proposed tax rate changes would affect their bills, Make it easy for taxpayers to submit comments via an online form. 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. Texas REALTORS® is committed to advocating for a strong real estate industry, advancing a culture of continued learning, and staying ahead of issues concerning members and their clients. Here's what REALTORS® need to know. c. You will not post content or take any action on our blog posts that infringes someone else’s rights or otherwise violates the law. HB 4643: Author: Bell, Cecil: Sponsor: House Bill 5 (authored by Rep. Dade Phelan and sponsored by Sen. Lois Kolkhorst) creates a catastrophic debris management plan and training for cities and counties. Senate Bill 8 (authored by Sen. Charles Perry and sponsored by Rep. Lyle Larson) creates a statewide flood plan. c. You will not post content or take any action on our blog posts that infringes someone else’s rights or otherwise violates the law. The 86 th Texas Legislature concluded on May 27, 2019, gaveling out on a significant session for the Texas real estate industry. You should contact your attorney to obtain advice with respect to any particular issue or problem. The proposed amendments to §535.51 eliminates the Texas residency requirement for real estate license eligibility pursuant to statutory changes enacted by the 86th Legislature in SB 624 as part of the Sunset Review process. Details on Texas SB 624 (Texas 86th Legislature (2019)) - Relating to the continuation and functions of the Texas Real Estate Commission and the Texas Appraiser Licensing and … Thirty-one members of the state Senate are elected to four-year, overlapping terms. a. This session was characterized by strong leadership from Governor Greg Abbott, Lt. relating to the acquisition of real property by an entity with eminent domain authority. After years of advocating for changes to the state’s property tax system, Texas REALTORS® have succeeded in giving taxpayers more information about how tax rates are set and how to engage in the rate-setting process that determines your property tax bill. House Joint Resolution 4, authored by Rep. Dade Phelan and sponsored by Sen. Brandon Creighton, proposes a constitutional amendment to create a fund to aid in financing flood mitigation projects, with the following ballot language: “The constitutional amendment providing for the creation of the flood infrastructure fund to assist in the financing of drainage, flood mitigation, and flood control projects.”, House Bill 492/House Joint Resolution 34, authored by Rep. Hugh Shine and sponsored by Sens. The Texas Constitution is current through the amendments approved by voters in November 2019. Texas REALTORS® had great success on Election Day, with 89% of REALTOR®-supported candidates winning their races. The revised disclosure notice is mandatory starting Sept. 1, 2019. The legislation was authored by Sen. Robert Nichols and sponsored by Rep. John Zerwas. Bills Relating to Business Entity Filings The 86th Texas Legislature passed two bills that add questions to the Seller’s Disclosure Notice (TXR 1406) regarding flooding, such as whether the seller’s property is located wholly or partly in a 500-year floodplain or whether the seller has ever filed a claim for flood damage. d. You will not post any information intended to sell or advertise a business, product, or service. The Texas Legislature is back in session, and lawmakers generally have until March 8, 2019 to file bills for consideration this session. 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. Additional changes: The new law creates the Tax Reduction and Excellence in Education Fund to provide further tax rate compression and funding for schools using revenue from several existing sources: The new law also maintains the enhanced transparency measures and automatic rollback elections REALTORS® support. New legislation touches various aspects of the commercial real estate development process, such as permitting fees, rollback tax … 2019 Legislative Session Update. 86th Texas Legislature Update May 15, 2019 RMWBH Training Room 4630 N Loop 1604 West, Ste. While Texas REALTORS® has used reasonable efforts in collecting and preparing materials included here, due to the rapidly changing nature of the real estate marketplace and the law, and our reliance on information provided by outside sources, Texas REALTORS® makes no representation, warranty, or guarantee of the accuracy or reliability of any information provided here. Texas REALTORS® provides content through various online platforms, including this blog. House Bill 7 (authored by Rep. Geanie Morrison and sponsored by Sen. Joan Huffman) creates a disaster recovery plan to be enacted by state agencies as needed. The 86th Texas Legislature adjourned May 27, closing out a monumental session for Texas real estate consumers and private property rights. Dawn Buckingham, protects Texas property owners. Texas REALTORS® provides content through various online platforms, including this blog. The 86 th Texas Legislature adjourned May 27, closing out a monumental session for Texas real estate consumers and private property rights. d. You will not post any information intended to sell or advertise a business, product, or service. In 2017, Gov. the state’s Rainy Day Fund). 4, § 21, Texas Constitution, and § 405.014(b), Government Code. How Real Estate Won in the Texas Legislative Session. This session, the association successfully opposed legislation on issues including mandatory sales price disclosure, appraisal caps, and weakening equal and uniform appraisal standards. August 22, 2019. Austin, Texas Wednesday, May 1, 2019 - 1 The Honorable President of the Senate Senate Chamber Austin, Texas Mr. President: I am directed by the house to inform the senate that the house has taken the following action: THE HOUSE HAS PASSED THE FOLLOWING MEASURES: 1414 86th Legislature — Regular Session 46th Day 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 The 86th Legislature runs from Jan. 8 to May 27. This new law reduces the lookback period from five to three years and reduces the interest due from 7% to 5%. One reason Texas REALTORS® are successful in working with the Legislature is because of the strong turnout during REALTOR® Day at the Texas Capitol. Then, we monitored bills that had the potential to directly or indirectly affect the Texas real estate industry. Sunset During the 86th Legislature. Alex Parker, Hilary Tyson. (Currently, these elections may only happen if voters petition for them.). The rapid increase in local property taxes was a priority issue for the Legislature 
in 2017. 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. in the great state of Texas is our passion, our craft, our niche. Several counties across the state petitioned to include propositions on their ballot on November 6 to become counties that would allow residents a vote before their property is annexed. severance tax), split between the State Highway Fund and the Economic Stabilization Fund (a.k.a. The clock is ticking. Here are a few issues we expect to be considered at the Texas Capitol in 2019. This could be any issue the governor wants to be prioritized in that year’s session, or any issue the governor wants to support. Author (29): The Commission declined to make changes because doing so would go against the statutory mandates of the 86th Texas Legislature. Convert prospects into clients with these meeting skills. The Sunset Commission has completed its interim work, adopting 496 recommendations on the 32 agencies under review. Some Texas municipalities have approved ordinances banning short-term rentals. You will not use our blog posts or posted content to do anything unlawful, misleading, malicious, or discriminatory; and. 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 link takes you to a listing from the Texas Legislature Online showing information for 473 bills from the 86th regular session effective immediately. More than 10,000 bills were filed during the 86th Texas legislative session. Thanks to your grassroots advocacy efforts during REALTOR® Day at the Texas Capitol and timely response to calls for action, Texas REALTORS® earned several incredible legislative victories this session that were signed into law by Gov. 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