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A BILL TO BE ENTITLED
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AN ACT
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relating to an exemption for land owned by a school from the |
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additional tax imposed on the change of use of land appraised for ad |
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valorem tax purposes as qualified open-space land. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 23.55, Tax Code, is amended by adding |
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Subsection (q) to read as follows: |
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(q) The sanctions provided by Subsection (a) do not apply to |
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land owned by an organization that qualifies as a school under |
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Section 11.21(d) if the organization converts the land to a use for |
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which the land is eligible for an exemption under Section 11.21 |
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within five years. |
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SECTION 2. Section 23.55(q), Tax Code, as added by this Act, |
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applies to a change of use of land that occurs on or after the |
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effective date of this Act. A change of use of land that occurred |
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before the effective date of this Act is governed by the law in |
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effect when the change of use occurred, and the former law is |
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continued in effect for that purpose. |
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SECTION 3. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2013. |