Amend CSSB 841 as follows:
      (1)  Insert new SECTIONS to read as follows, and renumber
existing SECTIONS appropriately:
      SECTION ____.  Section  11.42, Tax Code, is amended by adding
Subsection (c) to read as follows:
      (c)  A person who acquires property after January 1 of a tax
year may receive an exemption authorized by Section 11.17, 11.18,
11.19, 11.20, 11.21, 11.23, or 11.30 for the applicable portion of
that tax year immediately on qualification for the exemption.
      SECTION ____.  Chapter 26, Tax code, is amended by adding
Section 26.113 to read as follows:
      Sec. 26.113.  PRORATING TAXES--ACQUISITION BY NONPROFIT
ORGANIZATION.  (a)  If a person acquires taxable property that
qualifies for and is granted an exemption covered by Section
11.42(c) for a portion of the year in which the property was
acquired, the amount of tax due on the property for that year is
computed by multiplying the amount of taxes imposed on the property
for the entire year as provided by Section 26.09 by a fraction, the
denominator of which is 365 and the numerator of which is the
number of days in that year before the date the property qualified
for the exemption.
      (b)  If the exemption terminates during the year of
acquisition, the tax due is computed by multiplying the taxes
imposed for the entire year as provided by Section 26.09 by a
fraction, the denominator of which is 365 and the numerator of
which is the number of days the property does not qualify for the
exemption.
      (2)  Strike lines 14-19 on page 19 and substitute the
following:
      (d)  To receive an exemption the eligibility for which is
determined by the claimant's qualifications on January 1 of the tax
year, a <A> person required to claim an exemption must file a
completed exemption application form before May 1 and must furnish
the information required by the form. A person who after January 1
of a tax year acquires property that qualifies for an exemption
covered by Section 11.42(c) must apply for the exemption for the
applicable portion of that tax year before the first anniversary of
the date the person acquires the property. For good cause shown the
chief appraiser may extend the deadline for filing an exemption
application by written order for a single period not to exceed 60
days.