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A BILL TO BE ENTITLED
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AN ACT
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relating to the calculation of the ad valorem taxes imposed on |
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property for the year in which the property is acquired by a |
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governmental entity. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 26.11(a), Tax Code, is amended to read as |
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follows: |
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(a) If the federal government, the state, or a political |
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subdivision of the state acquires the right to possession of |
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taxable property under a court order issued in condemnation |
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proceedings, takes possession of taxable property under a |
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possession and use agreement or under Section 21.021, Property |
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Code, or acquires title to taxable property, the amount of the tax |
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due on the property is calculated by multiplying the amount of taxes |
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imposed on the property for the entire year as determined as |
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provided by Section 26.09 of this code by a fraction, the |
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denominator of which is 365 and the numerator of which is the number |
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of days that elapsed prior to the date of the conveyance, the |
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effective date of the possession and use agreement, the date the |
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entity took possession under Section 21.021, Property Code, or the |
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date of the order granting the right of possession, as applicable. |
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SECTION 2. This Act applies only to a possession and use |
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agreement entered into or an award made under Section 21.021, |
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Property Code, on or after the effective date of this Act. A |
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possession and use agreement entered into or an award made under |
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Section 21.021, Property Code, before the effective date of this |
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Act is governed by the law applicable to the agreement or award |
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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, 2019. |