Bill Text: TX HB3464 | 2021-2022 | 87th Legislature | Introduced

Texas House Bill 3464 (Prior Session Legislation)

Introduced

Bill Title: Relating to requirements for beneficial tax treatment related to a leasehold or other possessory interest in a public facility used to provide affordable housing.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2021-03-22 - Referred to Urban Affairs [HB3464 Detail]

Download: Texas-2021-HB3464-Introduced.html

	87R10136 JAM-D

	By: Morales Shaw	H.B. No. 3464



	A BILL TO BE ENTITLED
	AN ACT
	relating to requirements for beneficial tax treatment related to a
	leasehold or other possessory interest in a public facility used to
	provide affordable housing.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1. Section 303.042, Local Government Code, is
	amended by adding Subsection (d-1) to read as follows:
	(d-1) An exemption under this section for a multifamily
	residential development which is owned by a public facility
	corporation applies only if the operator of the development does
	not base any refusal to rent a unit to an individual or family on the
	individual's or family's participation in the federal Section 8
	Housing Choice Voucher Program.
	SECTION 2. The change in law made by this Act applies only
	to a multifamily residential development that is constructed or
	acquired by a public facility corporation on or after the effective
	date of this Act. A multifamily residential development that is
	constructed or acquired by a public facility corporation before the
	effective date of this Act is governed by the law in effect on the
	date the development was constructed or acquired, and the former
	law is continued in effect for that purpose.
	SECTION 3. This Act takes effect September 1, 2021.