78th Texas Legislature, Regular Session, House Bill 2416, Chapter 288 Page: 1 of 7
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CHAPTER 288 H.B. No. 2416
1 AN ACT
2 relating to the extension of the period for which an incomplete
3 improvement on property owned by certain nonprofit organizations
4 may be exempted from ad valorem taxation and exempting from
5 additional taxes open-space land converted by certain nonprofit
6 organizations for certain charitable purposes.
7 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
8 ARTICLE 1. CHANGES EFFECTIVE BEGINNING WITH 2003 TAX YEAR
9 SECTION 1.01. Section 11.18(m), Tax Code, is amended to
10 read as follows:
11 (m) A property may not be exempted under Subsection (a) (2)
12 for more than five [th-eo] years.
13 SECTION 1.02. Section 11.184(i), Tax Code, as added by
14 Chapter 1040, Acts of the 77th Legislature, Regular Session, 2001,
15 is amended to read as follows:
16 (i) A property may not be exempted under Subsection (c) (2)
17 for more than five threee] years.
18 SECTION 1.03. Section 11.19(e), Tax Code, is amended to
19 read as follows:
20 (e) A property may not be exempted under Subsection (a) (2)
21 for more than five [th-ee] years.
22 SECTION 1.04. Section 11.20(f), Tax Code, is amended to
23 read as follows:
24 (f) A property may not be exempted under Subsection (a) (5)
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Texas. Legislature. House of Representatives. 78th Texas Legislature, Regular Session, House Bill 2416, Chapter 288, legislative document, 2003-05/2003-06; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth158450/m1/1/: accessed May 6, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.