81R398 UM-F
By: Chisum H.B. No. 132
A BILL TO BE ENTITLED
AN ACT
relating to the exemption from ad valorem taxation of property
owned by organizations engaged primarily in performing charitable
functions.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 11.184(c), Tax Code, is amended to read
as follows:
(c) A [If approved under Subsection (b), a] qualified
charitable organization is entitled to an exemption from taxation
of:
(1) the buildings and other real property and the
tangible personal property that:
(A) are owned by the organization; and
(B) except as permitted by Subsection (d), are
used exclusively by the organization and other organizations
eligible for an exemption from taxation under this section or
Section 11.18; and
(2) the real property owned by the organization
consisting of:
(A) an incomplete improvement that:
(i) is under active construction or other
physical preparation; and
(ii) is designed and intended to be used
exclusively by the organization and other organizations eligible
for an exemption from taxation under this section or Section 11.18;
and
(B) the land on which the incomplete improvement
is located that will be reasonably necessary for the use of the
improvement by the organization and other organizations eligible
for an exemption from taxation under this section or Section 11.18.
SECTION 2. Section 11.184(b), Tax Code, is repealed.
SECTION 3. This Act applies only to ad valorem taxes imposed
for a tax year that begins on or after the effective date of this
Act.
SECTION 4. This Act takes effect January 1, 2010.