89th Legislature, Regular Session
HB 4650
Relating to the exemption from ad valorem taxation of property owned by a community land trust or housing finance corporation.
Introduced
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
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89R5145 JBD-D By: Morales of Maverick H.B. No. 4650 A BILL TO BE ENTITLED AN ACT relating to the exemption from ad valorem taxation of property owned by a community land trust or housing finance corporation. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 11.1827, Tax Code, is amended by amending Subsections (b) and (d) and adding Subsection (g) to read as follows: (b) Subject to Subsection (g), in [In] addition to any other exemption to which the trust may be entitled, a community land trust is entitled to an exemption from taxation by a taxing unit of land