Floor Packet Page No. 903
Amend CSHB 3, in Article 1 of the bill, by adding a new Part,
appropriately designated, to read as follows:
PART ___. PROPERTY TAX RELIEF FOR CULTURALLY
SECTION 1__.01. Section 11.24, Tax Code, is amended to read
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.