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House Bill 294 |
House Author: Rodriguez, Eddie |
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Effective: 1-1-14 |
Senate Sponsor: Watson et al. |
Previous law authorized a property tax exemption for improvements that are owned by a charitable organization in existence for at least 10 years and used by the organization to provide housing and related services to certain homeless individuals in partnership with a municipality with a population of more than 750,000 and less than 850,000 at a municipally owned campus. House Bill 294 amends the Tax Code to apply the tax exemption instead to property that is owned by such a charitable organization, regardless of whether the real property constitutes a building, and that is located on or consists of a single campus in such a municipality or within the municipality's extraterritorial jurisdiction. The bill also revises the eligibility criteria for an organization to claim such an exemption by requiring the organization to have been in existence for a minimum of 12 years.