Bill Text: TX HB2893 | 2013-2014 | 83rd Legislature | Introduced
Bill Title: Relating to the use of a tax-exempt property of a higher education development foundation or an alumni association.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2013-03-25 - Referred to Ways & Means [HB2893 Detail]
Download: Texas-2013-HB2893-Introduced.html
83R8740 DDT-D | ||
By: Raney | H.B. No. 2893 |
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relating to the use of a tax-exempt property of a higher education | ||
development foundation or an alumni association. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 11.11(f), Tax Code, is amended to read as | ||
follows: | ||
(f) Property of a higher education development foundation | ||
or an alumni association that is located on land owned by the state | ||
for the support, maintenance, or benefit of an institution of | ||
higher education as defined in Chapter 61, Education Code, is | ||
exempt from taxation if: | ||
(1) the foundation or organization meets the | ||
requirements of Sections 11.18(e) and (f) and is organized | ||
exclusively to operate programs or perform other activities for the | ||
benefit of institutions of higher education; and | ||
(2) the property is used primarily [ |
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those programs or activities. | ||
SECTION 2. This Act takes effect immediately if it receives | ||
a vote of two-thirds of all the members elected to each house, as | ||
provided by Section 39, Article III, Texas Constitution. If this | ||
Act does not receive the vote necessary for immediate effect, this | ||
Act takes effect September 1, 2013. |