Amend CSSB 841 by adding to Section 20 of the Committee
Substitute the following:
      "Subchapter B, chapter 23, Tax Code, is amended by adding
Sec. 23.23 which reads as follows:"
      Section 23.23.  PROPERTY USED TO PROVIDE AFFORDABLE
HOUSING.  In appraising real property that is rented or leased to a
low-income individual or family meeting income-eligibility
standards established by the owner of the property under
regulations or restrictions limiting the amount that the individual
or family may be required to pay for the rental or lease of the
property, the chief appraiser shall take into account the extent to
which that use and limitation reduce the market value of the
property.