CS/HB 1259: Property Tax Exemption and Assessment Limitation on Long-term Leased Property
GENERAL BILL by Ways & Means Committee ; Busatta ; (CO-INTRODUCERS) Chamberlin
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.
Last Action: 4/2/2025 House - Now in Commerce Committee
Bill Text: PDF
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Bill History
Date Chamber Action 2/26/2025 House • Filed
3/4/2025 House • 1st Reading (Original Filed Version)
3/5/2025 House • Referred to Ways & Means Committee
• Referred to Housing, Agriculture & Tourism Subcommittee
• Referred to Commerce Committee
• Now in Ways & Means Committee
3/25/2025 House • Added to Ways & Means Committee agenda
3/27/2025 House • Favorable with CS by Ways & Means Committee
• Reported out of Ways & Means Committee
• Laid on Table under Rule 7.18(a)
• CS Filed
3/28/2025 House • Referred to Housing, Agriculture & Tourism Subcommittee
• Referred to Commerce Committee
• Now in Housing, Agriculture & Tourism Subcommittee
• 1st Reading (Committee Substitute 1)
• Added to Housing, Agriculture & Tourism Subcommittee agenda
4/1/2025 House • Favorable by Housing, Agriculture & Tourism Subcommittee
4/2/2025 House • Reported out of Housing, Agriculture & Tourism Subcommittee
• Now in Commerce Committee
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CS/HB 1259, Committee Substitute 1 (Current Bill Version) Posted 3/27/2025 at 9:22 PM
Bill Text: PDF Analyses: Housing, Agriculture & Tourism Subcommittee (Post-Meeting) 4/2/2025 (pdf)
Related Bills (3)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 1257 (c1) Property Tax Benefits for Certain Residential Properties Subject to a Long-term Lease Busatta Linked Last Action: 4/2/2025 H Now in Commerce Committee S 1512 Property Tax Exemption and Assessment Limitation on Long-term Leased Property Avila Similar Last Action: 3/25/2025 S Now in Finance and Tax S 1510 Homestead Property Exemption and Assessment Limitations Avila Compare Last Action: 3/25/2025 S Now in Finance and Tax 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 9 (pdf) 194.032 Hearing purposes; timetable. Page 10 (pdf) 196.011 Annual application required for exemption. Page 7 (pdf) 196.034 Page 8 (pdf) -
HB 1259, Original Filed Version Posted 2/26/2025 at 4:53 PM
Bill Text: PDF Analyses: Ways & Means Committee (Post-Meeting) 3/27/2025 (pdf)
Related Bills (3)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 1257 (c1) Property Tax Benefits for Certain Residential Properties Subject to a Long-term Lease Busatta Linked Last Action: 4/2/2025 H Now in Commerce Committee S 1512 Property Tax Exemption and Assessment Limitation on Long-term Leased Property Avila Identical Last Action: 3/25/2025 S Now in Finance and Tax S 1510 Homestead Property Exemption and Assessment Limitations Avila Compare Last Action: 3/25/2025 S Now in Finance and Tax Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 651067 - Amendment
Remove lines 54-168 and insert:Busatta 3/26/2025
5:04 PMAdopted
3/27/2025PDF 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)