92nd General Assembly
Summary of HB3651
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House Sponsors:
HANNIG.

Short description: 
PROP TX-FREEZE SERVICE ORGS                                                

Synopsis of Bill as introduced:
        Amends  the  Property  Tax  Code.   For  taxable  year  2002  and      
   thereafter, provides for an assessment freeze  with  respect  to  real      
   property   owned  and  used  by  the  Lions  Club,  or  a  subordinate      
   organization or entity, that is an exempt entity under Section  501(c)      
   of  the  Internal  Revenue  Code and whose members provide support for      
   charitable works.  The assessed value  shall  be  established  by  the      
   chief  county assessment officer at 15% of the final assessed value of      
   the property for the assessment year 2001, or if  the  property  meets      
   the  qualifications  for  the reduced assessment after assessment year      
   2002, the final assessed value shall be  15%  of  the  final  assessed      
   value  of  the  property for the assessment year in which the property      
   first meets the qualifications.  Effective January 1, 2002.                 
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

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


   END OF INQUIRY 



 Full Text  Bill Status