90th General Assembly
Summary of SB1596
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Senate Sponsors:
HENDON.

Short description: 
PROP TX-HOUSING AUTH-EXEMPTION                                             

Synopsis of Bill as introduced:
        Amends the Property Tax Code.  Provides that for purposes of  the      
   exemption  provided  for housing authorities under the Code, privately      
   owned property or a portion thereof that is used for low rent  housing      
   and  related  uses  by  a  housing authority, as prescribed in a lease      
   agreement in effect for at least 20 years between  the  owner  of  the      
   property  and  the  housing authority, shall be deemed property of the      
   housing authority for as long as the property or  portion  thereof  is      
   used  for  low  rent housing or related uses by the housing authority.      
   Effective immediately.                                                      
 
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: Senate

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


   END OF INQUIRY 



 Full Text  Bill Status