86R12179 SLB-D
By: Hall S.B. No. 1606
A BILL TO BE ENTITLED
AN ACT
relating to payments in lieu of taxes made by certain conservation
and reclamation districts on property used as a reservoir.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter E, Chapter 49, Water Code, is amended
by adding Section 49.159 to read as follows:
Sec. 49.159. PAYMENTS IN LIEU OF TAXES. (a) In this
section, "reservoir property" means real property owned by a
district that is acquired for or used as a reservoir.
(b) A district that owns reservoir property shall pay to the
taxing unit in which the reservoir property is located, on or before
January 1 of each year, as a payment in lieu of taxes, an amount
equal to the ad valorem taxes that would have been imposed for the
tax year in which the district acquired the reservoir property on
that property by the taxing unit, without including the value of any
improvements constructed on the property.
SECTION 2. This Act takes effect September 1, 2019.