80R8011 JD-F
 
  By: Woolley H.B. No. 2186
 
 
 
 
A BILL TO BE ENTITLED
AN ACT
relating to the exemption from ad valorem taxation of property
owned by certain nonprofit corporations that provide chilled water
and steam to certain health-related institutions of this state.
       BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
       SECTION 1.  Section 11.11(i), Tax Code, is amended to read as
follows:
       (i)  A corporation organized under the Texas Non-Profit
Corporation Act (Article 1396-1.01 et seq., Vernon's Texas Civil
Statutes), or a successor statute, that engages primarily
[exclusively] in providing chilled water and steam to an eligible
institution, as defined by Section 301.031, Health and Safety Code,
is entitled to an exemption from taxation of the property the
corporation owns as though the property of the corporation were
owned by this state and used for health or educational purposes.
       SECTION 2.  This Act applies only to an ad valorem tax year
that begins on or after the effective date of this Act.
       SECTION 3.  This Act takes effect January 1, 2008.