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AN ACT
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relating to the exemption from ad valorem taxation of certain |
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property used to provide low-income housing. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 11.1825, Tax Code, is amended by |
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amending Subsections (s) and (v) and adding Subsection (s-1) to |
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read as follows: |
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(s) Unless otherwise provided by the governing body of a |
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taxing unit any part of which is located in a county with a |
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population of at least 1.4 million under Subsection (x), for |
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property described by Subsection (f)(1), the amount of the |
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exemption under this section from taxation is 50 percent of the |
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appraised value of the property. |
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(s-1) For property described by Subsection (f)(2), the |
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amount of the exemption under this section from taxation is 100 |
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percent of the appraised value of the property. |
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(v) Notwithstanding any other provision of this section, an |
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organization may not receive an exemption from taxation of property |
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described by Subsection (f)(1) by a taxing unit any part of which is |
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located in a county with a population of at least 1.4 million unless |
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the exemption is approved by the governing body of the taxing unit |
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in the manner provided by law for official action. |
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SECTION 2. This Act applies only to ad valorem taxes imposed |
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for a tax year beginning on or after the effective date of this Act. |
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SECTION 3. This Act takes effect January 1, 2008. |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I certify that H.B. No. 3191 was passed by the House on April |
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19, 2007, by the following vote: Yeas 142, Nays 0, 2 present, not |
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voting. |
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______________________________ |
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Chief Clerk of the House |
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I certify that H.B. No. 3191 was passed by the Senate on May |
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17, 2007, by the following vote: Yeas 31, Nays 0. |
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______________________________ |
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Secretary of the Senate |
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APPROVED: _____________________ |
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Date |
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_____________________ |
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Governor |