By: Lucio, et al. S.B. No. 835
(Eiland)
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) In this subsection, "disaster recovery program" means
the disaster recovery program administered by the General Land
Office that is funded with community development block grant
disaster recovery money authorized by the Consolidated Security,
Disaster Assistance, and Continuing Appropriations Act, 2009 (Pub.
L. No. 110-329) and the Consolidated and Further Continuing
Appropriations Act, 2012 (Pub. L. No. 112-55). Notwithstanding
Subsection (f)(2), and only to the extent necessary to satisfy the
requirements of the disaster recovery program, a replacement
structure described by that subdivision is not considered to be a
new improvement if to satisfy the requirements of the disaster
recovery program 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, 2014.
SECTION 3. This Act takes effect January 1, 2014.