|
Senate Bill 193 |
Senate Author: West |
|
Effective: 1-1-14 |
House Sponsor: Otto |
Senate Bill 193 amends the Tax Code to clarify that a charitable organization that is exempt from federal income taxes and has as one of its purposes the provision of low-income housing must deliver a copy of the audit necessary for the organization to claim a property tax exemption for certain real property owned by the organization that is used for the provision of low-income housing to the Texas Department of Housing and Community Affairs and the chief appraiser of the appraisal district in which the property is located in order for the organization to receive the exemption. The bill authorizes the chief appraiser to extend the deadline by which the organization must deliver a copy of the audit for good cause shown.