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79R9275 JD-D

By:  Coleman                                                      H.B. No. 2538



A BILL TO BE ENTITLED

AN ACT

relating to an exemption from ad valorem taxation for culturally 
significant sites.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  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 2.  The change in law made by this Act applies only 
to a tax year that begins on or after the effective date of this Act.
	SECTION 3.  This Act takes effect immediately if it 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 
Act takes effect September 1, 2005.