Bill Text: TX SB812 | 2019-2020 | 86th Legislature | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
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.
Spectrum: Moderate Partisan Bill (Democrat 9-2)
Status: (Passed) 2019-05-07 - Effective immediately [SB812 Detail]
Download: Texas-2019-SB812-Introduced.html
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.
Spectrum: Moderate Partisan Bill (Democrat 9-2)
Status: (Passed) 2019-05-07 - Effective immediately [SB812 Detail]
Download: Texas-2019-SB812-Introduced.html
86R4801 TJB-D | ||
By: Lucio, Bettencourt | S.B. No. 812 |
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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 | ||
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 [ |
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Notwithstanding Subsection (f)(2), and only to the extent necessary | ||
to satisfy the requirements of 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. |