Amend HB 2821 by adding a new section to the bill, appropriately numbered, to read as follows, and renumbering subsequent sections of the bill accordingly: SECTION ____. (a) Section 11.23, Tax Code, is amended by adding Subsection (h) to read as follows: (h) County Fair Associations. A county fair association organized to hold agricultural fairs and encourage agricultural pursuits is entitled to an exemption from taxation of the land and buildings that it owns and uses to hold agricultural fairs. To qualify for an exemption under this subsection, a county fair association must: (1) be a nonprofit corporation as defined by the Texas Non-Profit Corporation Act; (2) be exempt from federal income taxes as an organization described by Section 501(c)(3), Internal Revenue Code of 1986, as amended; (3) qualify for an exemption from the franchise tax under Section 171.060; and (4) meet the requirements of a charitable organization provided by Sections 11.18(e) and (f), for which purpose the functions for which the association is organized are considered to be charitable functions. (b) This section takes effect January 1, 2000, and applies only to ad valorem taxes imposed for a tax year that begins on or after that date.