82R22190 MTB-F
By: Lewis H.B. No. 2100
Substitute the following for H.B. No. 2100:
By: Hilderbran C.S.H.B. No. 2100
A BILL TO BE ENTITLED
AN ACT
relating to the exemption from taxation of property of a local
government corporation.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 431.102(b), Transportation Code, is
amended to read as follows:
(b) The property of a local government corporation and a
transaction to acquire the property is exempt from taxation in the
same manner as a corporation created under Chapter 394, Local
Government Code, except that property of a local government
corporation that is located outside of the boundaries of a local
government that created the local government corporation is not
exempt from ad valorem taxation.
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, 2011.