SENATE BILL 1189 |
SENATE AUTHOR: Ellis, Rodney |
EFFECTIVE: 05-26-01 |
HOUSE SPONSOR: Hochberg |
Senate Bill 1189 amends the Tax Code to provide that a corporation organized under the Texas Non-Profit Corporation Act that engages exclusively in providing chilled water and steam to eligible health-related institutions is entitled to an ad valorem tax exemption of its property as though the property were owned by the state and used for health or educational purposes.