| 1 | 1 | | By: Lucio, et al. S.B. No. 835 |
|---|
| 2 | 2 | | (Eiland) |
|---|
| 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) In this subsection, "disaster recovery program" means |
|---|
| 15 | 15 | | the disaster recovery program administered by the General Land |
|---|
| 16 | 16 | | Office that is funded with community development block grant |
|---|
| 17 | 17 | | disaster recovery money authorized by the Consolidated Security, |
|---|
| 18 | 18 | | Disaster Assistance, and Continuing Appropriations Act, 2009 (Pub. |
|---|
| 19 | 19 | | L. No. 110-329) and the Consolidated and Further Continuing |
|---|
| 20 | 20 | | Appropriations Act, 2012 (Pub. L. No. 112-55). Notwithstanding |
|---|
| 21 | 21 | | Subsection (f)(2), and only to the extent necessary to satisfy the |
|---|
| 22 | 22 | | requirements of the disaster recovery program, a replacement |
|---|
| 23 | 23 | | structure described by that subdivision is not considered to be a |
|---|
| 24 | 24 | | new improvement if to satisfy the requirements of the disaster |
|---|
| 25 | 25 | | recovery program it was necessary that: |
|---|
| 26 | 26 | | (1) the square footage of the replacement structure |
|---|
| 27 | 27 | | exceed that of the replaced structure as that structure existed |
|---|
| 28 | 28 | | before the casualty or damage occurred; or |
|---|
| 29 | 29 | | (2) the exterior of the replacement structure be of |
|---|
| 30 | 30 | | higher quality construction and composition than that of the |
|---|
| 31 | 31 | | replaced structure. |
|---|
| 32 | 32 | | SECTION 2. This Act applies only to the appraisal of a |
|---|
| 33 | 33 | | residence homestead for ad valorem tax purposes for a tax year that |
|---|
| 34 | 34 | | begins on or after January 1, 2014. |
|---|
| 35 | 35 | | SECTION 3. This Act takes effect January 1, 2014. |
|---|