| 1 | 1 | | 89R16247 CJC-D |
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| 2 | 2 | | By: Perez of El Paso H.B. No. 5096 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | |
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| 6 | 6 | | |
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| 7 | 7 | | A BILL TO BE ENTITLED |
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| 8 | 8 | | AN ACT |
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| 9 | 9 | | relating to a temporary local option exemption from ad valorem |
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| 10 | 10 | | taxation by a taxing unit of the total appraised value of surplus |
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| 11 | 11 | | real property a person purchases from the El Paso Independent |
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| 12 | 12 | | School District. |
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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 B, Chapter 11, Tax Code, is amended by |
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| 15 | 15 | | adding Section 11.39 to read as follows: |
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| 16 | 16 | | Sec. 11.39. SURPLUS REAL PROPERTY PURCHASED FROM EL PASO |
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| 17 | 17 | | INDEPENDENT SCHOOL DISTRICT. The governing body of a taxing unit by |
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| 18 | 18 | | official action of the governing body adopted in the manner |
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| 19 | 19 | | required by law for official actions may exempt from taxation for a |
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| 20 | 20 | | period of 10 years the total appraised value of surplus real |
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| 21 | 21 | | property a person purchases from the El Paso Independent School |
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| 22 | 22 | | District. |
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| 23 | 23 | | SECTION 2. This Act applies only to ad valorem taxes imposed |
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| 24 | 24 | | for a tax year beginning on or after the effective date of this Act. |
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| 25 | 25 | | SECTION 3. This Act takes effect January 1, 2026, but only |
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| 26 | 26 | | if the constitutional amendment proposed by the 89th Legislature, |
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| 27 | 27 | | Regular Session, 2025, to authorize the legislature to provide for |
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| 28 | 28 | | a temporary local option exemption from ad valorem taxation by a |
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| 29 | 29 | | political subdivision of the total market value of surplus real |
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| 30 | 30 | | property a person purchases from a school district is approved by |
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| 31 | 31 | | the voters. If that amendment is not approved by the voters, this |
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| 32 | 32 | | Act has no effect. |
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