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A BILL TO BE ENTITLED
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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 the National Hispanic Institute. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 11.23, Tax Code, is amended by adding |
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Subsection (m) to read as follows: |
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(m) National Hispanic Institute. The National Hispanic |
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Institute is entitled to an exemption from taxation of the real and |
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tangible personal property it owns as long as the organization is |
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exempt from federal income taxation under Section 501(a), Internal |
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Revenue Code of 1986, as an organization described by Section |
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501(c)(3) of that code. |
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SECTION 2. Section 11.43(c), Tax Code, is amended to read as |
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follows: |
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(c) An exemption provided by Section 11.13, 11.131, 11.132, |
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11.17, 11.18, 11.182, 11.1827, 11.183, 11.19, 11.20, 11.21, 11.22, |
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11.23(h), (j), [or] (j-1), or (m), 11.231, 11.254, 11.271, 11.29, |
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11.30, 11.31, or 11.315, once allowed, need not be claimed in |
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subsequent years, and except as otherwise provided by Subsection |
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(e), the exemption applies to the property until it changes |
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ownership or the person's qualification for the exemption |
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changes. However, the chief appraiser may require a person allowed |
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one of the exemptions in a prior year to file a new application to |
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confirm the person's current qualification for the exemption by |
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delivering a written notice that a new application is required, |
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accompanied by an appropriate application form, to the person |
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previously allowed the exemption. |
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SECTION 3. 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 4. This Act takes effect January 1, 2016. |