Bill Text: TX SB1131 | 2013-2014 | 83rd Legislature | Introduced
Bill Title: Relating to the exemption from ad valorem taxation of real property leased to and used by certain schools.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2013-03-18 - Referred to s/c on Fiscal Matters by Chair [SB1131 Detail]
Download: Texas-2013-SB1131-Introduced.html
83R7461 CJC-D | ||
By: Ellis | S.B. No. 1131 |
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relating to the exemption from ad valorem taxation of real property | ||
leased to and used by certain schools. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Subchapter B, Chapter 11, Tax Code, is amended by | ||
adding Section 11.211 to read as follows: | ||
Sec. 11.211. REAL PROPERTY LEASED TO CERTAIN SCHOOLS. (a) | ||
A person is entitled to an exemption from taxation of the real | ||
property that the person owns and leases to a school that is | ||
qualified as provided by Section 11.21(d) if: | ||
(1) the real property is used exclusively by the | ||
school for educational functions; | ||
(2) the rental for the real property on an annual basis | ||
is not more than one percent of the property's market value; | ||
(3) the school owns a building or facility on the | ||
leased property in which the school operates; and | ||
(4) the real property is reasonably necessary for the | ||
operation of the school. | ||
(b) Section 25.07 does not apply to a leasehold interest in | ||
property for which the owner receives an exemption under this | ||
section. | ||
SECTION 2. This Act applies only to ad valorem taxes imposed | ||
for a tax year beginning on or after the effective date of this Act. | ||
SECTION 3. This Act takes effect January 1, 2014, but only | ||
if the constitutional amendment authorizing the legislature to | ||
exempt from ad valorem taxation real property leased to certain | ||
schools organized and operated primarily for the purpose of | ||
engaging in educational functions is approved by the voters. If | ||
that amendment is not approved by the voters, this Act has no | ||
effect. |