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.