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House Bill 994 |
House Author: Anchia et al. |
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Effective: 1-1-16 |
Senate Sponsor: West et al. |
House Bill 994 repeals Tax Code provisions that limited the property tax exemption for certain landfill-generated gas conversion facilities to applicable property used in the manner required for the exemption on January 1, 2014, and that set the exemption to expire on December 31, 2015. The bill also amends the Tax Code to change the type of property eligible for the exemption from real and personal property to tangible personal property and to require property eligible for the exemption to be appraised as tangible personal property for property tax purposes regardless of whether the property is affixed to or incorporated into real property.