Legislating By Amendment: Property Tax Exemptions for EDCs

Economic Development Corporations will be exempt from property taxes thanks to this amendment in conference committee:

    SECTION 20.  (a)  Section 11.231, Tax Code, is amended by    adding Subsection (a-1) to read as follows:          (a-1)  In addition to an organization described by    Subsection (a), in this section, “nonprofit community business    organization” also means a Type A corporation governed by Chapter    504, Local Government Code, and a Type B corporation governed by    Chapter 505, Local Government Code.          (b)  This section applies only to ad valorem taxes imposed    for a tax year that begins on or after the effective date of this    section.

Clever move outside the bounds to a bill that began its life concerning alcohol taxes. There’s a narrow window for a point of order, but you have to act quickly.

HB1905

McAllen Monitor