82R9074 TJB-F
By: Jackson S.B. No. 1205
A BILL TO BE ENTITLED
AN ACT
relating to the application of the limit on appraised value of a
residence homestead for ad valorem tax purposes to an improvement
that is a replacement structure for a structure that was rendered
uninhabitable or unusable by a casualty or by wind or water damage.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 23.23, Tax Code, is amended by adding
Subsection (g) to read as follows:
(g) Notwithstanding Subsection (f)(2), a replacement
structure described by that subdivision is not considered to be a
new improvement if to satisfy the requirements of a building code,
fire code, or other local ordinance or a government assistance
program that provided funding for the construction of the
replacement structure it was necessary that:
(1) the square footage of the replacement structure
exceed that of the replaced structure as that structure existed
before the casualty or damage occurred; or
(2) the exterior of the replacement structure be of
higher quality construction and composition than that of the
replaced structure.
SECTION 2. This Act applies only to the appraisal of a
residence homestead for ad valorem tax purposes for a tax year that
begins on or after January 1, 2012.
SECTION 3. This Act takes effect January 1, 2012.