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A BILL TO BE ENTITLED
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AN ACT
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relating to the taxation of a leasehold or other possessory |
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interest in a public facility granted by a public facility |
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corporation. |
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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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repealed. |
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SECTION 2. The repeal of Section 303.042(f), Local |
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Government Code, does not apply to a leasehold or other possessory |
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interest granted before the effective date of this Act. A leasehold |
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or other possessory interest granted before the effective date of |
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this Act is governed by the law in effect immediately before the |
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effective date of this Act, and the former law is continued in |
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effect for that purpose. |
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SECTION 3. This Act takes effect January 1, 2024. |