90th General Assembly
Summary of HB1431
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House Sponsors:
TURNER,ART.

Short description: 
PROP TX-SANITARY DIST EXEMPT                                               

Synopsis of Bill as introduced:
        Amends the Property Tax Code.  Provides that  property  owned  by      
   metropolitan water reclamation districts in counties with a population      
   greater  than  3,000,000  is  exempt  for  purposes  of  taxing leased      
   property.  Provides that a tax may be levied  upon  a  lessee  of  the      
   district's  property or upon any improvements constructed and owned by      
   individuals or entities different from the district.                        
        HOUSE AMENDMENT NO. 1.                                                 
        Provides that exempt  property  owned  by  a  metropolitan  water      
   reclamation  district  leased  to an non-exempt entity remains exempt.      
   Provides that property shall be assessed under the Section  concerning      
   leasing of exempt property.                                                 
          FISCAL NOTE, H-AM 1 (DCCA)                                           
          HB 1431, amended by H-am 1, imposes no additional requirements       
          and does not have a fiscal impact on units of local gov't.           
          STATE MANDATES FISCAL NOTE, H-AM 1                                   
          HB1431, amended by H-am 1, fails to create a State mandate.          
 
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   0


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 Full Text  Bill Status