| 1 | | - | H.B. No. 1254 |
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| 1 | + | By: Murphy (Senate Sponsor - Hancock) H.B. No. 1254 |
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| 2 | + | (In the Senate - Received from the House April 4, 2019; |
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| 3 | + | April 8, 2019, read first time and referred to Committee on |
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| 4 | + | Property Tax; April 15, 2019, reported favorably by the following |
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| 5 | + | vote: Yeas 5, Nays 0; April 15, 2019, sent to printer.) |
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| 6 | + | Click here to see the committee vote |
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| 4 | 10 | | AN ACT |
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| 5 | 11 | | relating to the eligibility of land secured by a home equity loan to |
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| 6 | 12 | | be designated for agricultural use for ad valorem tax purposes. |
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| 7 | 13 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 8 | 14 | | SECTION 1. Section 23.42(a), Tax Code, is amended to read as |
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| 9 | 15 | | follows: |
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| 10 | 16 | | (a) An [Except as provided by Subsection (a-1), an] |
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| 11 | 17 | | individual is entitled to have land he owns designated for |
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| 12 | 18 | | agricultural use if, on January 1: |
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| 13 | 19 | | (1) the land has been devoted exclusively to or |
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| 14 | 20 | | developed continuously for agriculture for the three years |
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| 15 | 21 | | preceding the current year; |
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| 16 | 22 | | (2) the individual is using and intends to use the land |
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| 17 | 23 | | for agriculture as an occupation or a business venture for profit |
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| 18 | 24 | | during the current year; and |
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| 19 | 25 | | (3) agriculture is the individual's primary occupation |
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| 20 | 26 | | and primary source of income. |
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| 21 | 27 | | SECTION 2. Section 23.42(a-1), Tax Code, is repealed. |
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| 22 | 28 | | SECTION 3. This Act takes effect January 1, 2020. |
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| 23 | | - | ______________________________ ______________________________ |
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| 24 | | - | President of the Senate Speaker of the House |
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| 25 | | - | I certify that H.B. No. 1254 was passed by the House on April |
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| 26 | | - | 3, 2019, by the following vote: Yeas 146, Nays 1, 2 present, not |
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| 27 | | - | voting. |
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| 28 | | - | ______________________________ |
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| 29 | | - | Chief Clerk of the House |
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| 30 | | - | I certify that H.B. No. 1254 was passed by the Senate on April |
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| 31 | | - | 25, 2019, by the following vote: Yeas 30, Nays 0. |
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| 32 | | - | ______________________________ |
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| 33 | | - | Secretary of the Senate |
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| 34 | | - | APPROVED: _____________________ |
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| 35 | | - | Date |
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| 36 | | - | _____________________ |
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| 37 | | - | Governor |
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| 29 | + | * * * * * |
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