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Amend SB 2442 (Senate committee printing) by adding the
following appropriately numbered SECTION to the bill and
renumbering subsequent SECTIONS of the bill accordingly:
SECTION ____. Section 11.18, Tax Code, is amended by adding
Subsection (p) to read as follows:
(p) Real property owned by a charitable organization and
leased to an institution of higher education, as defined by Section
61.003, Education Code, is exempt from taxation to the same extent
as the property would be exempt if the property were owned by the
institution.