80R6683 SMH-D
 
  By: West, Royce S.B. No. 1113
 
 
 
   
 
 
A BILL TO BE ENTITLED
AN ACT
relating to the exemption from ad valorem taxation of certain
property used to provide low-income housing.
       BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
       SECTION 1.  Section 11.1825, Tax Code, is amended by
amending Subsections (s) and (v) and adding Subsection (s-1) to
read as follows:
       (s)  Unless otherwise provided by the governing body of a
taxing unit any part of which is located in a county with a
population of at least 1.4 million under Subsection (x), for
property described by Subsection (f)(1), the amount of the
exemption under this section from taxation is 50 percent of the
appraised value of the property.
       (s-1)  For property described by Subsection (f)(2), the
amount of the exemption under this section from taxation is 100
percent of the appraised value of the property.
       (v)  Notwithstanding any other provision of this section, an
organization may not receive an exemption from taxation of property
described by Subsection (f)(1) by a taxing unit any part of which is
located in a county with a population of at least 1.4 million unless
the exemption is approved by the governing body of the taxing unit
in the manner provided by law for official action.
       SECTION 2.  This Act applies only to ad valorem taxes imposed
for a tax year beginning on or after the effective date of this Act.
       SECTION 3.  This Act takes effect January 1, 2008.