| 1 | 1 | | 88R2891 TJB-D |
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| 2 | 2 | | By: Raymond H.B. No. 543 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | A BILL TO BE ENTITLED |
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| 6 | 6 | | AN ACT |
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| 7 | 7 | | relating to the exclusion from the market value of real property for |
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| 8 | 8 | | ad valorem tax purposes of the value of any improvement, or any |
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| 9 | 9 | | feature incorporated in an improvement, made to the property if the |
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| 10 | 10 | | primary purpose of the improvement or feature is compliance with |
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| 11 | 11 | | the requirements of standards that address accessible design of |
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| 12 | 12 | | buildings or other facilities. |
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| 13 | 13 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 14 | 14 | | SECTION 1. Subchapter A, Chapter 23, Tax Code, is amended by |
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| 15 | 15 | | adding Section 23.015 to read as follows: |
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| 16 | 16 | | Sec. 23.015. EXCLUSION OF VALUE OF IMPROVEMENT MADE TO |
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| 17 | 17 | | COMPLY WITH ACCESSIBILITY STANDARDS. In determining the market |
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| 18 | 18 | | value of real property, the chief appraiser shall exclude from that |
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| 19 | 19 | | value the value of any improvement, or any feature incorporated in |
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| 20 | 20 | | an improvement, made to the property if the primary purpose of the |
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| 21 | 21 | | improvement or feature is compliance with the requirements of the |
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| 22 | 22 | | 2010 Americans with Disabilities Act Standards for Accessible |
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| 23 | 23 | | Design or any successor standards that address accessible design of |
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| 24 | 24 | | buildings or other facilities and are promulgated under the |
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| 25 | 25 | | Americans with Disabilities Act of 1990 (42 U.S.C. Section 12101 et |
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| 26 | 26 | | seq.). |
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| 27 | 27 | | SECTION 2. This Act applies only to the determination of the |
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| 28 | 28 | | market value of real property for ad valorem tax purposes for a tax |
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| 29 | 29 | | year that begins on or after the effective date of this Act. |
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| 30 | 30 | | SECTION 3. The change in law made by this Act applies to an |
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| 31 | 31 | | improvement, or a feature incorporated in an improvement, described |
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| 32 | 32 | | by Section 23.015, Tax Code, as added by this Act, made to real |
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| 33 | 33 | | property only if the improvement is made to the property, or the |
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| 34 | 34 | | feature is incorporated in an improvement made to the property, on |
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| 35 | 35 | | or after January 1, 2023. |
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| 36 | 36 | | SECTION 4. This Act takes effect January 1, 2024, but only |
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| 37 | 37 | | if the constitutional amendment proposed by the 88th Legislature, |
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| 38 | 38 | | Regular Session, 2023, to authorize the legislature to exclude from |
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| 39 | 39 | | the market value of real property for ad valorem tax purposes the |
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| 40 | 40 | | value of any improvement, or any feature incorporated in an |
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| 41 | 41 | | improvement, made to the property if the primary purpose of the |
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| 42 | 42 | | improvement or feature is compliance with the requirements of |
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| 43 | 43 | | standards that address accessible design of buildings or other |
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| 44 | 44 | | facilities is approved by the voters. If that amendment is not |
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| 45 | 45 | | approved by the voters, this Act has no effect. |
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