By Coleman                                            H.B. No. 2601
         Line and page numbers may not match official copy.
         Bill not drafted by TLC or Senate E&E.
                                A BILL TO BE ENTITLED
 1-1                                   AN ACT
 1-2     relating to clarifying the taxation of possesory interests in
 1-3     certain municipal property.
 1-4           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-5           SECTION 1. Section 25.07, Tax Code, is amended by adding
 1-6     Subsection (c) to read as follows:
 1-7           (c)  For purposes of Subsection (b)(4), the term "public
 1-8     facility" includes a convention center, visitor center, sports
 1-9     facility with permanent seating, concert hall, arena, or stadium
1-10     that is owned by an incorporated city or town as such possesory or
1-11     leasehold interests serve a governmental, municipal or public
1-12     purpose or function when access to the property is open to the
1-13     general public with or without a charge for admission.
1-14           SECTION 2.  This act takes effect September 1, 2001.