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A BILL TO BE ENTITLED
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AN ACT
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relating to a temporary local option exemption from ad valorem |
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taxation by a taxing unit of the total appraised value of surplus |
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real property a person purchases from the El Paso Independent |
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School District. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter B, Chapter 11, Tax Code, is amended by |
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adding Section 11.39 to read as follows: |
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Sec. 11.39. SURPLUS REAL PROPERTY PURCHASED FROM EL PASO |
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INDEPENDENT SCHOOL DISTRICT. The governing body of a taxing unit by |
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official action of the governing body adopted in the manner |
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required by law for official actions may exempt from taxation for a |
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period of 10 years the total appraised value of surplus real |
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property a person purchases from the El Paso Independent School |
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District. |
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SECTION 2. This Act applies only to ad valorem taxes imposed |
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for a tax year beginning on or after the effective date of this Act. |
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SECTION 3. This Act takes effect January 1, 2026, but only |
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if the constitutional amendment proposed by the 89th Legislature, |
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Regular Session, 2025, to authorize the legislature to provide for |
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a temporary local option exemption from ad valorem taxation by a |
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political subdivision of the total market value of surplus real |
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property a person purchases from a school district is approved by |
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the voters. If that amendment is not approved by the voters, this |
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Act has no effect. |