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