92nd General Assembly
Summary of HB2059
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House Sponsors:

Short description: 
PROP TX-EXEMPT LEASED PROPERTY                                             

Synopsis of Bill as introduced:
        Amends the Property Tax Code.  Provides that if a  not-for-profit      
   organization  leases  one  of  5  types  of property that is otherwise      
   eligible for a charitable purpose exemption to  an  organization  that      
   conducts  an  activity  on  the leased premises that would entitle the      
   lessee to an exemption from real estate taxes if the lessee  were  the      
   owner  of   the  property, then the leased property is exempt.  Amends      
   the   State   Mandates   Act   to   require   implementation   without      
   reimbursement.  Effective immediately.                                      
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

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


 Full Text  Bill Status