Bill Text: TX SB492 | 2019-2020 | 86th Legislature | Introduced

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Bill Title: Relating to the application of the limit on appraised value of a residence homestead for ad valorem tax purposes to an improvement that is a replacement structure for a structure that was rendered uninhabitable or unusable by a casualty or by wind or water damage.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2019-03-19 - Left pending in committee [SB492 Detail]

Download: Texas-2019-SB492-Introduced.html

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86R9192 TJB-D
By: Alvarado S.B. No. 492

A BILL TO BE ENTITLED
AN ACT
relating to the application of the limit on appraised value of a
residence homestead for ad valorem tax purposes to an improvement
that is a replacement structure for a structure that was rendered
uninhabitable or unusable by a casualty or by wind or water damage.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 23.23(g), Tax Code, is amended to read as
follows:
(g) In this subsection, "disaster recovery program" means a
[the] disaster recovery program [administered by the General Land
Office that is] funded with community development block grant
disaster recovery money authorized by federal law [the Consolidated
Security, Disaster Assistance, and Continuing Appropriations Act,
2009 (Pub. L. No. 110-329) and the Consolidated and Further
Continuing Appropriations Act, 2012 (Pub. L. No. 112-55)].
Notwithstanding Subsection (f)(2), and only to the extent necessary
to satisfy the requirements of a [the] disaster recovery program, a
replacement structure described by that subdivision is not
considered to be a new improvement if to satisfy the requirements of
the disaster recovery program it was necessary that:
(1) the square footage of the replacement structure
exceed that of the replaced structure as that structure existed
before the casualty or damage occurred; or
(2) the exterior of the replacement structure be of
higher quality construction and composition than that of the
replaced structure.
SECTION 2. This Act applies only to the appraisal of a
residence homestead for ad valorem tax purposes for a tax year that
begins on or after the effective date of this Act.
SECTION 3. This Act takes effect January 1, 2020.