By Reyna of Bexar H.B. No. 1557
77R6123 GJH-F
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to the exemption from ad valorem taxation of property of
1-3 certain retirement communities that qualify as charitable
1-4 organizations.
1-5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-6 SECTION 1. Section 11.18, Tax Code, is amended by adding
1-7 Subsection (o) to read as follows:
1-8 (o) To qualify as a charitable organization under Subsection
1-9 (d)(19), a retirement community must have an admissions policy that
1-10 requires that admission be open to the public on a
1-11 nondiscriminatory basis, subject only to reasonable restrictions
1-12 relating to the availability of facilities or services, an
1-13 applicant's age, or the financial or medical needs of an applicant.
1-14 SECTION 2. This Act takes effect January 1, 2002, and
1-15 applies only to ad valorem taxes imposed for a tax year beginning
1-16 on or after that date.