Amend HB 2555 by adding the following SECTION to the bill, 
appropriately numbered, and renumbering the subsequent SECTIONS of 
the bill accordingly:
	SECTION ____.  (a)  Section 11.184, Tax Code, is amended by 
amending Subsection (c) and adding Subsections (l), (m), and (n) to 
read as follows:
	(c)  A [If approved under Subsection (b), a] qualified 
charitable organization is entitled to an exemption from taxation 
of:
		(1)  the buildings and other real property and the 
tangible personal property that:
			(A)  are owned by the organization; and                                      
			(B)  except as permitted by Subsection (d), are 
used exclusively by the organization and other organizations 
eligible for an exemption from taxation under this section or 
Section 11.18; and
		(2)  the real property owned by the organization 
consisting of:             
			(A)  an incomplete improvement that:                                         
				(i)  is under active construction or other 
physical preparation; and      
				(ii)  is designed and intended to be used 
exclusively by the organization and other organizations eligible 
for an exemption from taxation under this section or Section 11.18; 
and
			(B)  the land on which the incomplete improvement 
is located that will be reasonably necessary for the use of the 
improvement by the organization and other organizations eligible 
for an exemption from taxation under this section or Section 11.18.
	(l)  Notwithstanding the other provisions of this section, a 
corporation that is not a qualified charitable organization is 
entitled to an exemption from taxation of property under this 
section if:
		(1)  the corporation is exempt from federal income 
taxation under Section 501(a), Internal Revenue Code of 1986, by 
being listed as an exempt entity under Section 501(c)(2) of that 
code;
		(2)  the corporation holds title to the property for, 
collects income from the property for, and turns over the entire 
amount of that income, less expenses, to a qualified charitable 
organization; and
		(3)  the qualified charitable organization would 
qualify for an exemption from taxation of the property under this 
section if the qualified charitable organization owned the 
property.
	(m)  Before a corporation described by Subsection (l) may 
submit an application for an exemption under this section, the 
qualified charitable organization for which the corporation holds 
title to the property must apply to the comptroller for the 
determination described by Subsection (e) with regard to the 
qualified charitable organization.  The application for the 
determination must also include an application to the comptroller 
for a determination of whether the corporation meets the 
requirements of Subsections (l)(1) and (2).  The corporation shall 
submit with the application for an exemption under this section a 
copy of the determination letter issued by the comptroller.  The 
chief appraiser shall accept the copy of the letter as conclusive 
evidence of the matters described by Subsection (h) as well as of 
whether the corporation meets the requirements of Subsections 
(l)(1) and (2).
	(n)  Notwithstanding Subsection (k), in order for a 
corporation to continue to receive an exemption under Subsection 
(l) after the fifth tax year after the year in which the exemption 
is granted, the qualified charitable organization for which the 
corporation holds title to property must obtain a new determination 
letter and the corporation must reapply for the exemption.
	(b)  Section 11.184(b), Tax Code, is repealed.                                 
	(c)  This section applies only to ad valorem taxes imposed 
for a tax year that begins on or after the effective date of this 
section.
	(d)  This section takes effect January 1, 2010.