Bill Text: TX SB579 | 2019-2020 | 86th Legislature | Enrolled
Bill Title: Relating to the exemption from ad valorem taxation of certain property owned by the TexAmericas Center.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Passed) 2019-05-31 - Effective on 1/1/20 [SB579 Detail]
Download: Texas-2019-SB579-Enrolled.html
S.B. No. 579 |
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relating to the exemption from ad valorem taxation of certain | ||
property owned by the TexAmericas Center. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Subchapter D, Chapter 3503, Special District | ||
Local Laws Code, is amended by adding Section 3503.1541 to read as | ||
follows: | ||
Sec. 3503.1541. CERTAIN PROPERTY EXEMPT FROM TAXATION. | ||
(a) A leasehold or other possessory interest granted to a person | ||
by the authority or by a nonprofit corporation holding title for the | ||
authority is owned, used, and held for a public purpose for and on | ||
behalf of the authority and is exempt from taxation under Section | ||
11.11, Tax Code. | ||
(b) Section 25.07(a), Tax Code, does not apply to a | ||
leasehold or other possessory interest granted to a person by the | ||
authority or by a nonprofit corporation holding title for the | ||
authority during the period the authority or nonprofit corporation | ||
owns the estate or interest encumbered by the possessory interest. | ||
SECTION 2. This Act applies only to an ad valorem tax year | ||
that begins on or after the effective date of this Act. | ||
SECTION 3. This Act takes effect January 1, 2020. | ||
______________________________ | ______________________________ | |
President of the Senate | Speaker of the House | |
I hereby certify that S.B. No. 579 passed the Senate on | ||
April 17, 2019, by the following vote: Yeas 31, Nays 0. | ||
______________________________ | ||
Secretary of the Senate | ||
I hereby certify that S.B. No. 579 passed the House on | ||
May 15, 2019, by the following vote: Yeas 128, Nays 17, two | ||
present not voting. | ||
______________________________ | ||
Chief Clerk of the House | ||
Approved: | ||
______________________________ | ||
Date | ||
______________________________ | ||
Governor |