By: Harris S.B. No. 344 A BILL TO BE ENTITLED AN ACT 1-1 relating to an exemption from ad valorem taxation for certain 1-2 property acquired for use for a school. 1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-4 SECTION 1. Section 11.21, Tax Code, is amended by adding 1-5 Subsection (f) to read as follows: 1-6 (f) Notwithstanding Subsection (a), a person is entitled to 1-7 an exemption from taxation of the buildings and tangible personal 1-8 property the person acquires for use for a school that meets each 1-9 requirement of Subsection (d) if: 1-10 (1) the person authorizes the former owner to continue 1-11 to use the property pending the use of the property for a school; 1-12 and 1-13 (2) the former owner would be entitled to an exemption 1-14 from taxation of the property if the former owner continued to own 1-15 the property. 1-16 SECTION 2. The chief appraiser of an appraisal district 1-17 shall accept and approve or deny an application for an exemption 1-18 from ad valorem taxation under Subsection (f), Section 11.21, Tax 1-19 Code, as added by this Act, for the ad valorem tax year that began 1-20 January 1, 1997, if the application is filed as provided by Section 1-21 11.434, Tax Code. 1-22 SECTION 3. This Act takes effect September 1, 1997. 1-23 SECTION 4. The importance of this legislation and the 2-1 crowded condition of the calendars in both houses create an 2-2 emergency and an imperative public necessity that the 2-3 constitutional rule requiring bills to be read on three several 2-4 days in each house be suspended, and this rule is hereby suspended.