85R1995 JG-D
By: Parker H.B. No. 755
A BILL TO BE ENTITLED
AN ACT
relating to the use by certain tax-exempt organizations of certain
payments made in connection with real property transfers to provide
educational activities through certain schools.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 5.202(c), Property Code, is amended to
read as follows:
(c) The benefit described by Subsection (b)(9)(C) may
collaterally benefit:
(1) a community composed of:
(A) [(1)] property that is adjacent to the
encumbered property; or
(B) [(2)] property a boundary of which is not
more than 1,000 yards from a boundary of the encumbered property; or
(2) with respect to a payment to a school for
educational activities, property not described by Subdivision (1)
if:
(A) the encumbered property is located within the
school's assigned attendance zone; and
(B) the direct benefit to the encumbered property
is substantial.
SECTION 2. This Act takes effect September 1, 2017.