Bill Text | History of Actions | Background | Title |
Description: Ad valorem exemption; provide for homes built by certain charitable groups.
Bill Text: [Introduced]
| 1 | 02/09/00 | (H) | Referred To Ways and Means | |
| 2 | 03/29/00 | (H) | Died In Committee |
| Effective date | January 1, 2001 | |
| Disposition | Dead | |
| Deadline | Revenue/Appropriation | |
| Revenue | Yes | |
| 3/5ths vote required | Yes |
House Committee:
Principal Author: Mayo
Additional Authors: Barnett (116th), Creel, Holloway, Huddleston, Martinson, Morris, Whittington
Title: AN ACT TO AUTHORIZE THE GOVERNING AUTHORITY OF A MUNICIPALITY OR THE BOARD OF SUPERVISORS OF A COUNTY TO EXEMPT FROM AD VALOREM TAXATION ANY STRUCTURE OR IMPROVEMENT THAT IS TO BE USED EXCLUSIVELY AS A RESIDENCE AND THAT HAS BEEN CONSTRUCTED BY ANY CHAPTER OF A NOT-FOR-PROFIT CORPORATION WITH THE MISSION OF CONSTRUCTING SINGLE-FAMILY DWELLINGS FOR THE BENEFIT OF INDIVIDUALS POSSESSING LOW INCOME LEVELS; TO PROVIDE THAT THE BOARD OR GOVERNING AUTHORITY SHALL ESTABLISH CRITERIA FOR DETERMINING THE QUALIFICATIONS TO BE ELIGIBLE FOR THE EXEMPTION OF THE NOT-FOR-PROFIT CORPORATION AND OF THE INDIVIDUALS FOR WHOM THE HOMES ARE CONSTRUCTED; TO PROVIDE THAT THE LENGTH OF THE EXEMPTION SHALL NOT EXCEED 5 YEARS; TO PROVIDE THAT THE GRANTING OF ANY INDIVIDUAL EXEMPTION SHALL BE BY OFFICIAL ACTION OF THE BOARD OR GOVERNING AUTHORITY AND MADE A PART OF ITS MINUTES; AND FOR RELATED PURPOSES.
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2000/html/History/HB/HB0850.htm