1-1                                   AN ACT
 1-2     relating to certain ad valorem tax exemptions.
 1-3           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-4           SECTION 1. Section 11.43(c), Tax Code, is amended to read as
 1-5     follows:
 1-6           (c)  An exemption provided by Section 11.13, 11.17, 11.18,
 1-7     11.182, 11.183, 11.19, 11.20, 11.21, 11.22, 11.23(j), 11.29, 11.30,
 1-8     or 11.31 [of this code], once allowed, need not be claimed in
 1-9     subsequent years, and except as otherwise provided by Subsection
1-10     (e) [of this section], the exemption applies to the property until
1-11     it changes ownership or the person's qualification for the
1-12     exemption changes.  However, the chief appraiser may require a
1-13     person allowed one of the exemptions in a prior year to file a new
1-14     application to confirm the person's current qualification for the
1-15     exemption by delivering a written notice that a new application is
1-16     required, accompanied by an appropriate application form, to the
1-17     person previously allowed the exemption.
1-18           SECTION 2.  Section 11.182, Tax Code, is amended by adding
1-19     Subsection (f) to read as follows:
1-20           (f)  If any property owned by an organization receiving an
1-21     exemption under this section has been acquired or sold during the
1-22     preceding year, such organization shall file by March 31 of the
1-23     following year with the chief appraiser in the county in which the
1-24     relevant property is located, on a form promulgated by the
 2-1     comptroller of public accounts, a list of such properties acquired
 2-2     or sold during the preceding year.
 2-3           SECTION 3.  Section 11.436, Tax Code, is amended by adding
 2-4     Subsection (c) to read as follows:
 2-5           (c)  To facilitate the financing associated with the
 2-6     acquisition of a property, an organization, before acquiring the
 2-7     property, may request from the chief appraiser of the appraisal
 2-8     district established for the county in which the property is
 2-9     located a preliminary determination of whether the property would
2-10     qualify for an exemption under Section 11.182 if acquired by the
2-11     organization.  The request must include the information that would
2-12     be included in an application for an exemption for the property
2-13     under Section 11.182.  Not later than the 21st day after the date a
2-14     request is submitted under this subsection, the chief appraiser
2-15     shall issue a written preliminary determination for the property
2-16     included in the request. A preliminary determination does not
2-17     affect the granting of an exemption under Section 11.182.
2-18           SECTION 4.  Section 11.182(c), Tax Code, is repealed.
2-19           SECTION 5.  This Act takes effect immediately if it receives
2-20     a vote of two-thirds of all members elected to each house, as
2-21     provided by Section 39, Article III, Texas Constitution.  If this
2-22     Act does not receive the vote necessary for immediate effect, this
2-23     Act takes effect September 1, 2001.
         _______________________________     _______________________________
             President of the Senate              Speaker of the House
               I certify that H.B. No. 1392 was passed by the House on April
         20, 2001, by a non-record vote; and that the House concurred in
         Senate amendments to H.B. No. 1392 on May 25, 2001, by the
         following vote:  Yeas 143, Nays 0, 2 present, not voting.
                                             _______________________________
                                                 Chief Clerk of the House
               I certify that H.B. No. 1392 was passed by the Senate, with
         amendments, on May 22, 2001, by the following vote:  Yeas 30, Nays
         0, 1 present, not voting.
                                             _______________________________
                                                 Secretary of the Senate
         APPROVED:  __________________________
                              Date
                    __________________________
                            Governor