HOUSE BILL 958 |
HOUSE AUTHOR: Hope |
EFFECTIVE: 06-18-99 |
SENATE SPONSOR: Nixon, Drew |
Land that qualifies for timberland appraisal under property tax law is subject to an additional tax and interest if the use of the land changes. House Bill 958 amends the Tax Code to provide that those sanctions do not apply if the land is transferred to the state or to a political subdivision for a public purpose.