Bill Text: TX HB2305 | 2015-2016 | 84th Legislature | Introduced


Bill Title: Relating to the eligibility for an exemption from ad valorem taxation for property used by certain nonprofit community business organizations.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2015-05-08 - Committee report sent to Calendars [HB2305 Detail]

Download: Texas-2015-HB2305-Introduced.html
  84R9761 TJB-D
 
  By: Canales H.B. No. 2305
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the eligibility for an exemption from ad valorem
  taxation for property used by certain nonprofit community business
  organizations.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 11.231, Tax Code, is amended by adding
  Subsection (a-1) to read as follows:
         (a-1)  In addition to an organization described by
  Subsection (a), in this section, "nonprofit community business
  organization" also means a Type A corporation governed by Chapter
  504, Local Government Code, and a Type B corporation governed by
  Chapter 505, Local Government Code.
         SECTION 2.  This Act applies only to ad valorem taxes imposed
  for a tax year that begins on or after the effective date of this
  Act.
         SECTION 3.  This Act takes effect January 1, 2016.
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