| 1 | 1 | | 84R9761 TJB-D |
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| 2 | 2 | | By: Canales H.B. No. 2305 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | A BILL TO BE ENTITLED |
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| 6 | 6 | | AN ACT |
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| 7 | 7 | | relating to the eligibility for an exemption from ad valorem |
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| 8 | 8 | | taxation for property used by certain nonprofit community business |
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| 9 | 9 | | organizations. |
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| 10 | 10 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 11 | 11 | | SECTION 1. Section 11.231, Tax Code, is amended by adding |
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| 12 | 12 | | Subsection (a-1) to read as follows: |
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| 13 | 13 | | (a-1) In addition to an organization described by |
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| 14 | 14 | | Subsection (a), in this section, "nonprofit community business |
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| 15 | 15 | | organization" also means a Type A corporation governed by Chapter |
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| 16 | 16 | | 504, Local Government Code, and a Type B corporation governed by |
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| 17 | 17 | | Chapter 505, Local Government Code. |
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| 18 | 18 | | SECTION 2. This Act applies only to ad valorem taxes imposed |
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| 19 | 19 | | for a tax year that begins on or after the effective date of this |
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| 20 | 20 | | Act. |
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| 21 | 21 | | SECTION 3. This Act takes effect January 1, 2016. |
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