82R9182 SMH-F
By: Hinojosa S.B. No. 1527
A BILL TO BE ENTITLED
AN ACT
relating to the monitoring of compliance with low-income and
moderate-income housing ad valorem tax exemptions.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 11.1826, Tax Code, is amended by adding
Subsection (g) to read as follows:
(g) For purposes of determining whether an organization has
satisfied the requirements of Subsection (b) or (e) of this section
in order to qualify for an exemption under Section 11.1825 or
11.182, respectively, an opinion included in an audit of the
organization prepared by an independent auditor who is licensed by
this state as a certified public accountant or a determination of
tax-exempt status under Section 501(c), Internal Revenue Code of
1986, issued by the United States Internal Revenue Service is prima
facie evidence of the facts stated in the opinion or determination.
SECTION 2. This Act applies only to ad valorem taxes imposed
for a tax year beginning on or after the effective date of this Act.
SECTION 3. This Act takes effect January 1, 2012.