By: Hughes  S.B. No. 579
         (In the Senate - Filed February 1, 2019; February 21, 2019,
  read first time and referred to Committee on Property Tax;
  April 8, 2019, reported favorably by the following vote:  Yeas 4,
  Nays 0; April 8, 2019, sent to printer.)
Click here to see the committee vote
 
 
A BILL TO BE ENTITLED
 
AN ACT
 
  relating to the exemption from ad valorem taxation of certain
  property owned by the TexAmericas Center.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Subchapter D, Chapter 3503, Special District
  Local Laws Code, is amended by adding Section 3503.1541 to read as
  follows:
         Sec. 3503.1541.  CERTAIN PROPERTY EXEMPT FROM TAXATION.
  (a)  A leasehold or other possessory interest granted to a person
  by the authority or by a nonprofit corporation holding title for the
  authority is owned, used, and held for a public purpose for and on
  behalf of the authority and is exempt from taxation under Section
  11.11, Tax Code.
         (b)  Section 25.07(a), Tax Code, does not apply to a
  leasehold or other possessory interest granted to a person by the
  authority or by a nonprofit corporation holding title for the
  authority during the period the authority or nonprofit corporation
  owns the estate or interest encumbered by the possessory interest.
         SECTION 2.  This Act applies only to an ad valorem tax year
  that begins on or after the effective date of this Act.
         SECTION 3.  This Act takes effect January 1, 2020.
 
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