Bill Text: TX SB492 | 2019-2020 | 86th Legislature | Introduced

Texas Senate Bill 492 (Prior Session Legislation)

Introduced

Bill Title: Relating to the application of the limit on appraised value of a residence homestead for ad valorem tax purposes to an improvement that is a replacement structure for a structure that was rendered uninhabitable or unusable by a casualty or by wind or water damage.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Introduced - Dead) 2019-03-19 - Left pending in committee [SB492 Detail]

Download: Texas-2019-SB492-Introduced.html

	86R9192 TJB-D

	By: Alvarado	S.B. No. 492



	A BILL TO BE ENTITLED
	AN ACT
	relating to the application of the limit on appraised value of a
	residence homestead for ad valorem tax purposes to an improvement
	that is a replacement structure for a structure that was rendered
	uninhabitable or unusable by a casualty or by wind or water damage.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1. Section 23.23(g), Tax Code, is amended to read as
	follows:
	(g) In this subsection, "disaster recovery program" means a
	[~~the~~] disaster recovery program [~~administered by the General Land~~
	~~Office that is~~] funded with community development block grant
	disaster recovery money authorized by federal law [~~the Consolidated~~
	~~Security, Disaster Assistance, and Continuing Appropriations Act,~~
	~~2009 (Pub. L. No.~~ ~~110-329) and the Consolidated and Further~~
	~~Continuing Appropriations Act, 2012 (Pub. L. No.~~ ~~112-55)~~].
	Notwithstanding Subsection (f)(2), and only to the extent necessary
	to satisfy the requirements of a [~~the~~] disaster recovery program, a
	replacement structure described by that subdivision is not
	considered to be a new improvement if to satisfy the requirements of
	the disaster recovery program it was necessary that:
	(1) the square footage of the replacement structure
	exceed that of the replaced structure as that structure existed
	before the casualty or damage occurred; or
	(2) the exterior of the replacement structure be of
	higher quality construction and composition than that of the
	replaced structure.
	SECTION 2. This Act applies only to the appraisal of a
	residence homestead for ad valorem tax purposes for a tax year that
	begins on or after the effective date of this Act.
	SECTION 3. This Act takes effect January 1, 2020.