87R3533 SMT-F
By: Gates H.B. No. 1096
A BILL TO BE ENTITLED
AN ACT
relating to the taxation of a leasehold or other possessory
interest in a public facility granted by a public facility
corporation.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 303.042(f), Local Government Code, is
repealed.
SECTION 2. The repeal of Section 303.042(f), Local
Government Code, does not apply to a leasehold or other possessory
interest granted before the effective date of this Act. A leasehold
or other possessory interest granted before the effective date of
this Act is governed by the law in effect immediately before the
effective date of this Act, and the former law is continued in
effect for that purpose.
SECTION 3. This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2021.