HB 1259: Property Tax Exemption and Assessment Limitation on Long-term Leased Property
GENERAL BILL by Busatta
Property Tax Exemption and Assessment Limitation on Long-term Leased Property; Provides that property that receives certain tax exemption shall be assessed in specified manner; requires property that no longer meets eligibility requirements to be assessed in alternative manner; requires submission of application containing specified information before receiving specified tax exemption; provides specified tax exemptions to property that meets certain eligibility requirements.
Effective Date: on the effective date of the amendment to the State Constitution proposed by HJR 1257 or a similar joint resolution having substantially the same specific intent and purpose
Last Action: 2/26/2025 House - Filed
Bill Text: PDF
Last Action: 2/26/2025 House - Filed
Bill Text: PDF
-
Bill History
Date Chamber Action 2/26/2025 House • Filed
-
HB 1259, Original Filed Version (Current Bill Version) Posted 2/26/2025 at 4:53 PM
Bill Text: PDF Analyses: None Related Bills (3)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 1257 Property Tax Benefits for Certain Residential Properties Subject to a Long-term Lease Busatta Linked Last Action: 2/26/2025 H Filed 
S 1512 Property Tax Exemption and Assessment Limitation on Long-term Leased Property Avila Identical Last Action: 2/27/2025 S Filed
S 1510 Homestead Property Exemption and Assessment Limitations Avila Compare Last Action: 2/27/2025 S Filed
Citations - Statutes (5)
Citation Catchline Location in Bill Location In Bill Help 193.1553 Page 2 (pdf) 193.1554 Assessment of nonhomestead residential property. Page 8 (pdf) 194.032 Hearing purposes; timetable. Page 9 (pdf) 196.011 Annual application required for exemption. Page 6 (pdf) 196.034 Page 7 (pdf)