| |
| |
| |
|
|
AN ACT
|
|
|
relating to qualification for an ad valorem tax exemption for |
|
|
property used to provide low-income or moderate-income housing in |
|
|
the event of a change in ownership of the property as a result of a |
|
|
foreclosure sale. |
|
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. Section 11.182, Tax Code, is amended by amending |
|
|
Subsection (j) and adding Subsection (k) to read as follows: |
|
|
(j) An organization may not receive an exemption under |
|
|
Subsection (b) or [under Subsection] (f)[, as added by Chapter
|
|
|
1191, Acts of the 77th Legislature, Regular Session, 2001,] for |
|
|
property for a tax year [beginning on or after January 1, 2004,] |
|
|
unless the organization received an exemption under that subsection |
|
|
for the [that] property for any part of the 2003 tax year. |
|
|
(k) Notwithstanding Subsection (j) of this section and |
|
|
Sections 11.43(a) and (c), an exemption under Subsection (b) or (f) |
|
|
does not terminate because of a change in the ownership of the |
|
|
property if the property is sold at a foreclosure sale and, not |
|
|
later than the 30th day after the date of the sale, the owner of the |
|
|
property submits to the chief appraiser evidence that the property |
|
|
is owned by an organization that meets the requirements of |
|
|
Subsections (b)(1), (2), and (4). If the owner of the property |
|
|
submits the evidence required by this subsection, the exemption |
|
|
continues to apply to the property for the remainder of the current |
|
|
tax year and for subsequent tax years until the owner ceases to |
|
|
qualify the property for the exemption. This subsection does not |
|
|
prohibit the chief appraiser from requiring the owner to file a new |
|
|
application to confirm the owner's current qualification for the |
|
|
exemption as provided by Section 11.43(c). |
|
|
SECTION 2. 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, 2007. |
|
|
|
|
|
|
|
|
|
| |
| |
| |
| |
______________________________ |
______________________________ |
| |
President of the Senate |
Speaker of the House |
| |
|
|
I hereby certify that S.B. No. 426 passed the Senate on |
|
|
March 28, 2007, by the following vote: Yeas 30, Nays 0; |
|
|
May 4, 2007, Senate refused to concur in House amendment and |
|
|
requested appointment of Conference Committee; May 14, 2007, House |
|
|
granted request of the Senate; May 17, 2007, Senate adopted |
|
|
Conference Committee Report by the following vote: Yeas 31, |
|
|
Nays 0. |
|
|
|
| |
| |
______________________________ |
| |
Secretary of the Senate |
| |
|
|
I hereby certify that S.B. No. 426 passed the House, with |
|
|
amendment, on April 12, 2007, by the following vote: Yeas 135, |
|
|
Nays 8, two present not voting; May 14, 2007, House granted request |
|
|
of the Senate for appointment of Conference Committee; |
|
|
May 21, 2007, House adopted Conference Committee Report by the |
|
|
following vote: Yeas 121, Nays 19, one present not voting. |
|
|
|
| |
| |
______________________________ |
| |
Chief Clerk of the House |
| |
|
|
|
| |
|
|
Approved: |
|
|
|
|
|
______________________________ |
|
|
Date |
|
|
|
|
|
|
|
|
______________________________ |
|
|
Governor |