83R8740 DDT-D
By: Raney H.B. No. 2893
A BILL TO BE ENTITLED
AN ACT
relating to the use of a tax-exempt property of a higher education
development foundation or an alumni association.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 11.11(f), Tax Code, is amended to read as
follows:
(f) Property of a higher education development foundation
or an alumni association that is located on land owned by the state
for the support, maintenance, or benefit of an institution of
higher education as defined in Chapter 61, Education Code, is
exempt from taxation if:
(1) the foundation or organization meets the
requirements of Sections 11.18(e) and (f) and is organized
exclusively to operate programs or perform other activities for the
benefit of institutions of higher education; and
(2) the property is used primarily [exclusively] in
those programs or activities.
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, 2013.