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Amend CSHB 2416 on page 2, between lines 26 and 27, by adding
the following appropriately numbered section:
SECTION _____. Section 23.55, Tax Code, is amended by adding
Subsection (m) to read as follows:
(m) The sanctions provided by Subsection (a) do not apply to
land owned by an organization that qualifies as a charitable
organization under Section 11.18(c), is organized exclusively to
perform religious or charitable purposes, and engages in performing
the charitable functions described by Section 11.18(d)(19), if the
organization converts the land to a use for which the land is
eligible for an exemption under Section 11.18(d)(19) within five
years.