Bill Text: TX HB1254 | 2019-2020 | 86th Legislature | Enrolled
Bill Title: Relating to the eligibility of land secured by a home equity loan to be designated for agricultural use for ad valorem tax purposes.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Passed) 2019-05-07 - Effective on 1/1/20 [HB1254 Detail]
Download: Texas-2019-HB1254-Enrolled.html
H.B. No. 1254 |
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relating to the eligibility of land secured by a home equity loan to | ||
be designated for agricultural use for ad valorem tax purposes. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 23.42(a), Tax Code, is amended to read as | ||
follows: | ||
(a) An [ |
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individual is entitled to have land he owns designated for | ||
agricultural use if, on January 1: | ||
(1) the land has been devoted exclusively to or | ||
developed continuously for agriculture for the three years | ||
preceding the current year; | ||
(2) the individual is using and intends to use the land | ||
for agriculture as an occupation or a business venture for profit | ||
during the current year; and | ||
(3) agriculture is the individual's primary occupation | ||
and primary source of income. | ||
SECTION 2. Section 23.42(a-1), Tax Code, is repealed. | ||
SECTION 3. This Act takes effect January 1, 2020. | ||
______________________________ | ______________________________ | |
President of the Senate | Speaker of the House | |
I certify that H.B. No. 1254 was passed by the House on April | ||
3, 2019, by the following vote: Yeas 146, Nays 1, 2 present, not | ||
voting. | ||
______________________________ | ||
Chief Clerk of the House | ||
I certify that H.B. No. 1254 was passed by the Senate on April | ||
25, 2019, by the following vote: Yeas 30, Nays 0. | ||
______________________________ | ||
Secretary of the Senate | ||
APPROVED: _____________________ | ||
Date | ||
_____________________ | ||
Governor |