89R16247 CJC-D
By: Perez of El Paso H.B. No. 5096
A BILL TO BE ENTITLED
AN ACT
relating to a temporary local option exemption from ad valorem
taxation by a taxing unit of the total appraised value of surplus
real property a person purchases from the El Paso Independent
School District.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter B, Chapter 11, Tax Code, is amended by
adding Section 11.39 to read as follows:
Sec. 11.39. SURPLUS REAL PROPERTY PURCHASED FROM EL PASO
INDEPENDENT SCHOOL DISTRICT. The governing body of a taxing unit by
official action of the governing body adopted in the manner
required by law for official actions may exempt from taxation for a
period of 10 years the total appraised value of surplus real
property a person purchases from the El Paso Independent School
District.
SECTION 2. This Act applies only to ad valorem taxes imposed
for a tax year beginning on or after the effective date of this Act.
SECTION 3. This Act takes effect January 1, 2026, but only
if the constitutional amendment proposed by the 89th Legislature,
Regular Session, 2025, to authorize the legislature to provide for
a temporary local option exemption from ad valorem taxation by a
political subdivision of the total market value of surplus real
property a person purchases from a school district is approved by
the voters. If that amendment is not approved by the voters, this
Act has no effect.