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Amend HB 3630 (Senate committee printing) by adding the
following SECTION to the bill, appropriately numbered, and
renumbering existing SECTIONS of the bill accordingly:
SECTION __. Section 23.42, Tax Code, is amended by amending
Subsection (a) and adding Subsection (a-1) to read as follows:
(a) Except as provided by Subsection (a-1), an [An]
individual is entitled to have land he owns designated for
agricultural use if, on January 1:
(1) the land has been devoted exclusively to or
developed continuously for agriculture for the three years
preceding the current year;
(2) the individual [he] is using and intends to use the
land for agriculture as an occupation or a business venture for
profit during the current year; and
(3) agriculture is the individual's [his] primary
occupation and primary source of income.
(a-1) On or after January 1, 2008, an individual is not
entitled to have land designated for agricultural use if the land
secures a home equity loan described by Section 50(a)(6), Article
XVI, Texas Constitution.