Bill Text: TX HB1254 | 2019-2020 | 86th Legislature | Enrolled

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Bill Title: Relating to the eligibility of land secured by a home equity loan to be designated for agricultural use for ad valorem tax purposes.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Passed) 2019-05-07 - Effective on 1/1/20 [HB1254 Detail]

Download: Texas-2019-HB1254-Enrolled.html

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H.B. No. 1254

AN ACT
relating to the eligibility of land secured by a home equity loan to
be designated for agricultural use for ad valorem tax purposes.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 23.42(a), Tax Code, is amended to read as
follows:
(a) An [Except as provided by Subsection (a-1), an]
individual is entitled to have land he owns designated for
agricultural use if, on January 1:
(1) the land has been devoted exclusively to or
developed continuously for agriculture for the three years
preceding the current year;
(2) the individual is using and intends to use the land
for agriculture as an occupation or a business venture for profit
during the current year; and
(3) agriculture is the individual's primary occupation
and primary source of income.
SECTION 2. Section 23.42(a-1), Tax Code, is repealed.
SECTION 3. This Act takes effect January 1, 2020.
______________________________ ______________________________
President of the Senate Speaker of the House
I certify that H.B. No. 1254 was passed by the House on April
3, 2019, by the following vote: Yeas 146, Nays 1, 2 present, not
voting.
______________________________
Chief Clerk of the House
I certify that H.B. No. 1254 was passed by the Senate on April
25, 2019, by the following vote: Yeas 30, Nays 0.
______________________________
Secretary of the Senate
APPROVED: _____________________
Date
_____________________
Governor