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A BILL TO BE ENTITLED
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AN ACT
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relating to liability for the additional tax imposed on land |
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appraised for ad valorem tax purposes as qualified open-space land |
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in the event of a change of use of the land if the land is |
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transferred to a charitable organization for purposes of building |
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housing for sale without profit to a low-income individual or |
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family. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 23.55, Tax Code, is amended by adding |
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Subsection (p) to read as follows: |
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(p) The sanctions provided by Subsection (a) do not apply to |
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real property transferred to an organization described by Section |
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11.181(a) if the organization converts the real property to a use |
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for which the real property is eligible for an exemption under |
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Section 11.181(a). This subsection does not apply to the sanctions |
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provided by Subsection (a) in connection with a change in use |
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described by this subsection that are due to a county or school |
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district unless the governing body of the county or school |
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district, as applicable, waives the sanctions in the manner |
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required by law for official action by the body. |
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SECTION 2. The change in law made by this Act applies only |
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to a transfer of real property that occurs on or after the effective |
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date of this Act. A transfer of real property that occurs before |
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the effective date of this Act is governed by the law in effect |
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immediately before the effective date of this Act, and that law is |
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continued in effect for that purpose. |
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SECTION 3. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2011. |