| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 82R9074 TJB-F | |
| 2 | 2 | By: Eiland H.B. No. 2696 | |
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | A BILL TO BE ENTITLED | |
| 6 | 6 | AN ACT | |
| 7 | 7 | relating to the application of the limit on appraised value of a | |
| 8 | 8 | residence homestead for ad valorem tax purposes to an improvement | |
| 9 | 9 | that is a replacement structure for a structure that was rendered | |
| 10 | 10 | uninhabitable or unusable by a casualty or by wind or water damage. | |
| 11 | 11 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 12 | 12 | SECTION 1. Section 23.23, Tax Code, is amended by adding | |
| 13 | 13 | Subsection (g) to read as follows: | |
| 14 | 14 | (g) Notwithstanding Subsection (f)(2), a replacement | |
| 15 | 15 | structure described by that subdivision is not considered to be a | |
| 16 | 16 | new improvement if to satisfy the requirements of a building code, | |
| 17 | 17 | fire code, or other local ordinance or a government assistance | |
| 18 | 18 | program that provided funding for the construction of the | |
| 19 | 19 | replacement structure it was necessary that: | |
| 20 | 20 | (1) the square footage of the replacement structure | |
| 21 | 21 | exceed that of the replaced structure as that structure existed | |
| 22 | 22 | before the casualty or damage occurred; or | |
| 23 | 23 | (2) the exterior of the replacement structure be of | |
| 24 | 24 | higher quality construction and composition than that of the | |
| 25 | 25 | replaced structure. | |
| 26 | 26 | SECTION 2. This Act applies only to the appraisal of a | |
| 27 | 27 | residence homestead for ad valorem tax purposes for a tax year that | |
| 28 | 28 | begins on or after January 1, 2012. | |
| 29 | 29 | SECTION 3. This Act takes effect January 1, 2012. |