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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 certain |
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property used to provide low-income or moderate-income housing. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 11.1825(s), Tax Code, is amended to read |
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as follows: |
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(s) Unless otherwise provided by the governing body of a |
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taxing unit any part of which is located in a county with a |
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population of at least 1.8 million under Subsection (x), for |
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property described by Subsection (f)(1), the amount of the |
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exemption under this section from taxation is 100 [50] percent of |
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the appraised value of the property. |
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SECTION 2. The change in law made by this Act applies only |
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to an ad valorem tax year that begins on or after the effective date |
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of this Act. |
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SECTION 3. This Act takes effect January 1, 2020. |