Amend SB 1815 on third reading by amending SECTION 2, on page 2, line 19, by inserting the following: Sec. 486.053. LEASEHOLD AND OTHER POSSESSORY INTERESTS. (a) Section 25.07(a), Tax Code, does not apply to a leasehold or other possessory interest in real property granted by an authority created pursuant to Chapter 378, Local Government Code, that is located in an eligible community. (b) This subsection and subsection (a) expire September 1, 2007.