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House Bill 492 |
House Author: Shine et al. |
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Effective: See below |
Senate Sponsor: Taylor et al. |
House Bill 492 repeals a provision of the Tax Code providing for the reappraisal of property damaged in a disaster area and amends the Tax Code and Government Code to provide instead for a temporary exemption from property taxation of a portion of the appraised value of certain qualified property damaged by a disaster. The bill takes effect January 1, 2020, but only if the amendment proposed by House Joint Resolution 34 is approved by the voters.