Bill Text: TX HB543 | 2023-2024 | 88th Legislature | Introduced
Bill Title: Relating to the exclusion from the market value of real property for ad valorem tax purposes of the value of any improvement, or any feature incorporated in an improvement, made to the property if the primary purpose of the improvement or feature is compliance with the requirements of standards that address accessible design of buildings or other facilities.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2023-02-23 - Referred to Ways & Means [HB543 Detail]
Download: Texas-2023-HB543-Introduced.html
| 88R2891 TJB-D | ||
| By: Raymond | H.B. No. 543 | |
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| relating to the exclusion from the market value of real property for | ||
| ad valorem tax purposes of the value of any improvement, or any | ||
| feature incorporated in an improvement, made to the property if the | ||
| primary purpose of the improvement or feature is compliance with | ||
| the requirements of standards that address accessible design of | ||
| buildings or other facilities. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Subchapter A, Chapter 23, Tax Code, is amended by | ||
| adding Section 23.015 to read as follows: | ||
| Sec. 23.015. EXCLUSION OF VALUE OF IMPROVEMENT MADE TO | ||
| COMPLY WITH ACCESSIBILITY STANDARDS. In determining the market | ||
| value of real property, the chief appraiser shall exclude from that | ||
| value the value of any improvement, or any feature incorporated in | ||
| an improvement, made to the property if the primary purpose of the | ||
| improvement or feature is compliance with the requirements of the | ||
| 2010 Americans with Disabilities Act Standards for Accessible | ||
| Design or any successor standards that address accessible design of | ||
| buildings or other facilities and are promulgated under the | ||
| Americans with Disabilities Act of 1990 (42 U.S.C. Section 12101 et | ||
| seq.). | ||
| SECTION 2. This Act applies only to the determination of the | ||
| market value of real property for ad valorem tax purposes for a tax | ||
| year that begins on or after the effective date of this Act. | ||
| SECTION 3. The change in law made by this Act applies to an | ||
| improvement, or a feature incorporated in an improvement, described | ||
| by Section 23.015, Tax Code, as added by this Act, made to real | ||
| property only if the improvement is made to the property, or the | ||
| feature is incorporated in an improvement made to the property, on | ||
| or after January 1, 2023. | ||
| SECTION 4. This Act takes effect January 1, 2024, but only | ||
| if the constitutional amendment proposed by the 88th Legislature, | ||
| Regular Session, 2023, to authorize the legislature to exclude from | ||
| the market value of real property for ad valorem tax purposes the | ||
| value of any improvement, or any feature incorporated in an | ||
| improvement, made to the property if the primary purpose of the | ||
| improvement or feature is compliance with the requirements of | ||
| standards that address accessible design of buildings or other | ||
| facilities is approved by the voters. If that amendment is not | ||
| approved by the voters, this Act has no effect. | ||
