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A BILL TO BE ENTITLED
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AN ACT
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relating to requirements for beneficial tax treatment related to a |
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leasehold or other possessory interest in a public facility being |
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developed or used to provide multifamily housing. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 303.042(f), Local Government Code, is |
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amended to read as follows: |
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(f) Notwithstanding Subsections (a) and (b) and except as |
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provided by Section 303.0425, during the period of time that a |
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corporation owns a particular public facility, a leasehold or other |
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possessory interest in the real property of the public facility |
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granted by the corporation shall be treated in the same manner as a |
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leasehold or other possessory interest in real property granted by |
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an authority under Section 379B.011(b). |
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SECTION 2. Subchapter B, Chapter 303, Local Government |
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Code, is amended by adding Section 303.0425 to read as follows: |
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Sec. 303.0425. REQUIREMENTS FOR BENEFICIAL TAX TREATMENT |
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RELATING TO CERTAIN PUBLIC FACILITIES. (a) In this section: |
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(1) "Housing choice voucher program" means the housing |
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choice voucher program under Section 8, United States Housing Act |
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of 1937 (42 U.S.C. Section 1437f). |
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(2) "Housing facility" means a public facility being |
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developed or used to provide multifamily housing. |
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(3) "Housing facility user" means a private developer |
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or other private entity that has a leasehold or other possessory |
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interest in a housing facility. |
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(b) Section 303.042(f) applies to a leasehold or other |
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possessory interest in a housing facility granted to a housing |
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facility user only if the housing facility user meets the |
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requirements of this section. |
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(c) Section 303.042(f) does not apply to ad valorem taxes |
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imposed by a school district on a leasehold or other possessory |
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interest in a housing facility granted to a housing facility user. |
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(d) A housing facility user may not: |
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(1) refuse to rent a residential unit in the housing |
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facility to an individual or family because the individual or |
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family participates in the housing choice voucher program; or |
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(2) use a financial or minimum income standard that |
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requires an individual or family participating in the housing |
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choice voucher program to have a monthly income of more than 250 |
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percent of the individual's or family's share of the total monthly |
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rent payable for a residential unit. |
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SECTION 3. Section 303.0425, Local Government Code, as |
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added by this Act, applies only to a leasehold or other possessory |
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interest in a housing facility granted by a public facility |
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corporation to a housing facility user on or after the effective |
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date of this Act. |
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SECTION 4. This Act takes effect on the 91st day after the |
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last day of the legislative session. |