Floor Packet Page No. 16                                                    



	

Amend HB 3, in Article 1 of the bill, by adding a new Part, 

appropriately designated, to read as follows:



PART ___.  PROPERTY TAX RELIEF FOR CULTURALLY



SIGNIFICANT SITES

	SECTION 1__.01.  Section 11.24, Tax Code, is amended to read 

as follows:     

	Sec. 11.24.  HISTORIC AND CULTURALLY SIGNIFICANT SITES.  The 

governing body of a taxing unit by official action of the body 

adopted in the manner required by law for official actions may 

exempt from taxation part or all of the assessed value of a 

structure or archeological site and the land necessary for access 

to and use of the structure or archeological site, if the structure 

or archeological site is:

		(1)  designated as a Recorded Texas Historic Landmark 

under Chapter 442, Government Code, or a state archeological 

landmark under Chapter 191, Natural Resources Code, by the Texas 

Historical Commission; or

		(2)  designated as a historically, culturally, or 

archeologically significant site in need of tax relief to encourage 

its preservation pursuant to an ordinance or other law adopted by 

the governing body of the unit.

	SECTION 1__.02.  The change in law made by Section 1__.01 of 

this part applies only to a tax year that begins on or after the 

effective date of this Act.

	SECTION 1__.03.  This part takes effect immediately if this 

Act receives a vote of two-thirds of all the members elected to each 

house, as provided by Section 39, Article III, Texas Constitution.  

If this Act does not receive the vote necessary for immediate 

effect, this part takes effect on the 91st day after the last day of 

the legislative session.