By: Jackson S.B. No. 1352
A BILL TO BE ENTITLED
relating to the exemption from ad valorem taxation of property
owned by a political subdivision of this state that is rented or
leased for certain purposes.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 11.11, Tax Code, is amended by adding
Subsection (a-1) to read as follows:
(a-1) Property owned by a political subdivision of this
state that is rented or leased for compensation to a private
business enterprise for a term of at least one year to be used by
that enterprise for a purpose that is related to or in support of,
or that aids, assists, or otherwise complements the performance of
the duties and functions of the political subdivision, is property
used for public purposes within the meaning of Subsection (a). Any
notice required by Section 25.19 shall be sent to the political
subdivision of the state that owns the property, and it shall appear
in any protest or appeal related to taxation of the property.
SECTION 2. This Act takes effect January 1, 2004, and
applies only to ad valorem taxes imposed on or after that date, but
only if the constitutional amendment to provide for the exemption
from ad valorem taxation of public property used for a public
purpose, as defined by the legislature, is approved by the voters.
If that amendment is not approved by the voters, this Act has no