Bill Text: TX SB1961 | 2019-2020 | 86th Legislature | Introduced

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Bill Title: Relating to the exemption from ad valorem taxation of certain property used to provide low-income or moderate-income housing.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2019-03-19 - Referred to Property Tax [SB1961 Detail]

Download: Texas-2019-SB1961-Introduced.html

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86R12844 LHC-D
By: Zaffirini S.B. No. 1961

A BILL TO BE ENTITLED
AN ACT
relating to the exemption from ad valorem taxation of certain
property used to provide low-income or moderate-income housing.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 11.1825(s), Tax Code, is amended to read
as follows:
(s) Unless otherwise provided by the governing body of a
taxing unit any part of which is located in a county with a
population of at least 1.8 million under Subsection (x), for
property described by Subsection (f)(1), the amount of the
exemption under this section from taxation is 100 [50] percent of
the appraised value of the property.
SECTION 2. The change in law made by this Act applies only
to an ad valorem tax year that begins on or after the effective date
of this Act.
SECTION 3. This Act takes effect January 1, 2020.