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AN ACT
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relating to the exemption from ad valorem taxation of property |
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owned by certain nonprofit corporations that provide chilled water |
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and steam to certain health-related institutions of this state. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subsection (i), Section 11.11, Tax Code, is |
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amended to read as follows: |
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(i) A corporation organized under the Texas Non-Profit |
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Corporation Act (Article 1396-1.01 et seq., Vernon's Texas Civil |
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Statutes), or a successor statute, that engages primarily |
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[exclusively] in providing chilled water and steam to an eligible |
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institution, as defined by Section 301.031, Health and Safety Code, |
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is entitled to an exemption from taxation of the property the |
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corporation owns as though the property of the corporation were |
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owned by this state and used for health or educational purposes. |
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SECTION 2. This Act applies only to an ad valorem tax year |
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that begins 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 hereby certify that S.B. No. 812 passed the Senate on |
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April 12, 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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I hereby certify that S.B. No. 812 passed the House on |
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May 11, 2007, by the following vote: Yeas 134, Nays 0, two |
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present not voting. |
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______________________________ |
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Chief Clerk of the House |
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Approved: |
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______________________________ |
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Date |
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______________________________ |
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Governor |