88R4568 KBB-D
 
  By: Gates H.B. No. 2607
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the taxation of a leasehold or other possessory
  interest in a public facility granted by a public facility
  corporation.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 303.042(f), Local Government Code, is
  repealed.
         SECTION 2.  The repeal of Section 303.042(f), Local
  Government Code, does not apply to a leasehold or other possessory
  interest granted before the effective date of this Act. A leasehold
  or other possessory interest granted before the effective date of
  this Act is governed by the law in effect immediately before the
  effective date of this Act, and the former law is continued in
  effect for that purpose.
         SECTION 3.  This Act takes effect January 1, 2024.