| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 87R10136 JAM-D | |
| 2 | 2 | By: Morales Shaw H.B. No. 3464 | |
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | A BILL TO BE ENTITLED | |
| 6 | 6 | AN ACT | |
| 7 | 7 | relating to requirements for beneficial tax treatment related to a | |
| 8 | 8 | leasehold or other possessory interest in a public facility used to | |
| 9 | 9 | provide affordable housing. | |
| 10 | 10 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 11 | 11 | SECTION 1. Section 303.042, Local Government Code, is | |
| 12 | 12 | amended by adding Subsection (d-1) to read as follows: | |
| 13 | 13 | (d-1) An exemption under this section for a multifamily | |
| 14 | 14 | residential development which is owned by a public facility | |
| 15 | 15 | corporation applies only if the operator of the development does | |
| 16 | 16 | not base any refusal to rent a unit to an individual or family on the | |
| 17 | 17 | individual's or family's participation in the federal Section 8 | |
| 18 | 18 | Housing Choice Voucher Program. | |
| 19 | 19 | SECTION 2. The change in law made by this Act applies only | |
| 20 | 20 | to a multifamily residential development that is constructed or | |
| 21 | 21 | acquired by a public facility corporation on or after the effective | |
| 22 | 22 | date of this Act. A multifamily residential development that is | |
| 23 | 23 | constructed or acquired by a public facility corporation before the | |
| 24 | 24 | effective date of this Act is governed by the law in effect on the | |
| 25 | 25 | date the development was constructed or acquired, and the former | |
| 26 | 26 | law is continued in effect for that purpose. | |
| 27 | 27 | SECTION 3. This Act takes effect September 1, 2021. |