Bill not drafted by TLC or Senate E&E.

      Line and page numbers may not match official copy.

         By:  Lucio                                   S.B. No. 1078

                                A BILL TO BE ENTITLED

                                       AN ACT

 1-1     relating to the enhancement of international trade by granting an

 1-2     exemption from taxation of property owned by a navigation district

 1-3     or port authority that is used for public purposes.

 1-4           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

 1-5           SECTION 1.  Section 11.11, Tax Code, is amended by adding

 1-6     Subsection (h) to read as follows:

 1-7           (h)  Property owned by a navigation district or port

 1-8     authority is used for public purposes and exempt from taxation if

 1-9     it is:

1-10                 (1)  leased to a person or entity, however organized,

1-11     for any of the purposes stated in Section 60.101, 61.151, 62.107,

1-12     or 63.153, Water Code; or

1-13                 (2)  held by the navigation district or port authority

1-14     for future expansion of its facilities or for leasing for any of

1-15     the purposes described in Subdivision (1).

1-16           SECTION 2.  The importance of this legislation and the

1-17     crowded condition of the calendars in both houses create an

1-18     emergency and an imperative public necessity that the

1-19     constitutional rule requiring bills to be read on three several

1-20     days in each house be suspended, and this rule is hereby suspended,

1-21     and that this Act take effect and be in force from and after its

1-22     passage, and it is so enacted.