| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 86R12844 LHC-D | |
| 2 | 2 | By: Zaffirini S.B. No. 1961 | |
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | A BILL TO BE ENTITLED | |
| 6 | 6 | AN ACT | |
| 7 | 7 | relating to the exemption from ad valorem taxation of certain | |
| 8 | 8 | property used to provide low-income or moderate-income housing. | |
| 9 | 9 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 10 | 10 | SECTION 1. Section 11.1825(s), Tax Code, is amended to read | |
| 11 | 11 | as follows: | |
| 12 | 12 | (s) Unless otherwise provided by the governing body of a | |
| 13 | 13 | taxing unit any part of which is located in a county with a | |
| 14 | 14 | population of at least 1.8 million under Subsection (x), for | |
| 15 | 15 | property described by Subsection (f)(1), the amount of the | |
| 16 | 16 | exemption under this section from taxation is 100 [50] percent of | |
| 17 | 17 | the appraised value of the property. | |
| 18 | 18 | SECTION 2. The change in law made by this Act applies only | |
| 19 | 19 | to an ad valorem tax year that begins on or after the effective date | |
| 20 | 20 | of this Act. | |
| 21 | 21 | SECTION 3. This Act takes effect January 1, 2020. |