HOUSE BILL 2269 |
HOUSE AUTHOR: Hamric et al. |
EFFECTIVE: 01-01-00 |
SENATE SPONSOR: Barrientos |
House Bill 2269 amends the Tax Code to provide a property tax exemption for certain organizations that provide housing on a cooperative basis to students of an institution of higher education. To qualify, an organization must meet certain openness standards with respect to student membership, must be listed as a tax-exempt entity under specified provisions of the federal tax code, and must be governed by its members, who must share responsibility for managing the housing.