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A BILL TO BE ENTITLED
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AN ACT
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relating to the application of the limit on appraised value of a |
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residence homestead for ad valorem tax purposes to an improvement |
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that is a replacement structure for a structure that was rendered |
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uninhabitable or unusable by a casualty or by wind or water damage. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 23.23(g), Tax Code, is amended to read as |
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follows: |
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(g) In this subsection, "disaster recovery program" means a |
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[the] disaster recovery program [administered by the General Land
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Office that is] funded with community development block grant |
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disaster recovery money authorized by federal law [the Consolidated
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Security, Disaster Assistance, and Continuing Appropriations Act,
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2009 (Pub. L. No.
110-329) and the Consolidated and Further
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Continuing Appropriations Act, 2012 (Pub. L. No.
112-55)]. |
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Notwithstanding Subsection (f)(2), and only to the extent necessary |
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to satisfy the requirements of a [the] disaster recovery program, a |
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replacement structure described by that subdivision is not |
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considered to be a new improvement if to satisfy the requirements of |
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the disaster recovery program it was necessary that: |
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(1) the square footage of the replacement structure |
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exceed that of the replaced structure as that structure existed |
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before the casualty or damage occurred; or |
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(2) the exterior of the replacement structure be of |
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higher quality construction and composition than that of the |
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replaced structure. |
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SECTION 2. This Act applies only to the appraisal of a |
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residence homestead for ad valorem tax purposes for a tax year that |
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begins on or after the effective date of this Act. |
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SECTION 3. This Act takes effect January 1, 2020. |