1-1 By: Harris S.B. No. 344 1-2 (In the Senate - Filed January 29, 1997; February 4, 1997, 1-3 read first time and referred to Committee on Finance; 1-4 February 18, 1997, reported favorably by the following vote: Yeas 1-5 13, Nays 0; February 18, 1997, sent to printer.) 1-6 A BILL TO BE ENTITLED 1-7 AN ACT 1-8 relating to an exemption from ad valorem taxation for certain 1-9 property acquired for use for a school. 1-10 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-11 SECTION 1. Section 11.21, Tax Code, is amended by adding 1-12 Subsection (f) to read as follows: 1-13 (f) Notwithstanding Subsection (a), a person is entitled to 1-14 an exemption from taxation of the buildings and tangible personal 1-15 property the person acquires for use for a school that meets each 1-16 requirement of Subsection (d) if: 1-17 (1) the person authorizes the former owner to continue 1-18 to use the property pending the use of the property for a school; 1-19 and 1-20 (2) the former owner would be entitled to an exemption 1-21 from taxation of the property if the former owner continued to own 1-22 the property. 1-23 SECTION 2. The chief appraiser of an appraisal district 1-24 shall accept and approve or deny an application for an exemption 1-25 from ad valorem taxation under Subsection (f), Section 11.21, Tax 1-26 Code, as added by this Act, for the ad valorem tax year that began 1-27 January 1, 1997, if the application is filed as provided by Section 1-28 11.434, Tax Code. 1-29 SECTION 3. This Act takes effect September 1, 1997. 1-30 SECTION 4. The importance of this legislation and the 1-31 crowded condition of the calendars in both houses create an 1-32 emergency and an imperative public necessity that the 1-33 constitutional rule requiring bills to be read on three several 1-34 days in each house be suspended, and this rule is hereby suspended. 1-35 * * * * *