| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | By: West, Middleton S.B. No. 2553 | |
| 2 | 2 | ||
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | ||
| 6 | 6 | A BILL TO BE ENTITLED | |
| 7 | 7 | AN ACT | |
| 8 | 8 | relating to the appraisal for ad valorem tax purposes of property | |
| 9 | 9 | that qualifies for an exemption as a historic or archaeological | |
| 10 | 10 | site. | |
| 11 | 11 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 12 | 12 | SECTION 1. Section 23.013, Tax Code, is amended by adding | |
| 13 | 13 | Subsection (f) to read as follows: | |
| 14 | 14 | (f) In this subsection, "historic site" means a structure or | |
| 15 | 15 | archaeological site and the land necessary for access to and use of | |
| 16 | 16 | the structure or archaeological site subject to an exemption under | |
| 17 | 17 | Section 11.24. In determining the market value of a historic site, | |
| 18 | 18 | the chief appraiser shall consider the effect on the property's | |
| 19 | 19 | value of any restriction placed on the property owner's ability to | |
| 20 | 20 | alter, improve, or repair the property based on the property's | |
| 21 | 21 | designation as a historic site. | |
| 22 | 22 | SECTION 2. This Act applies to the appraisal for ad valorem | |
| 23 | 23 | tax purposes of property that qualifies for an exemption as a | |
| 24 | 24 | historic or archaeological site only for a tax year beginning on or | |
| 25 | 25 | after the effective date of this Act. | |
| 26 | 26 | SECTION 3. This Act takes effect January 1, 2026. |