S.B. No. 2073 amends the Tax Code to enhance the authority of appraisal districts in Texas regarding real property transactions. The bill allows the board of directors of an appraisal district to purchase, finance the purchase of, or lease real property, as well as construct or finance the construction of improvements necessary for establishing and operating appraisal offices. Additionally, it clarifies that while the acquisition or conveyance of real property and construction or renovation of buildings must be approved by three-fourths of the governing bodies of the taxing units, this approval is not required for the financing of these activities.

The bill also introduces a new process for the approval of property transactions. The chief appraiser is required to notify the presiding officer of each governing body about proposed transactions, providing relevant information on costs and alternatives. Governing bodies have 30 days to approve or disapprove the proposal; if they fail to act within this timeframe, the proposal is automatically treated as approved. The changes outlined in this bill will take effect on September 1, 2025, and apply only to notifications sent after that date.

Statutes affected:
Introduced: Tax Code 6.051 (Tax Code 6)
Senate Committee Report: Tax Code 6.051 (Tax Code 6)
Engrossed: Tax Code 6.051 (Tax Code 6)
House Committee Report: Tax Code 6.051 (Tax Code 6)
Enrolled: Tax Code 6.051 (Tax Code 6)