CS/SB 1512: Property Tax Exemption and Assessment Limitation on Long-term Leased Property
GENERAL BILL by Finance and Tax ; Avila
Property Tax Exemption and Assessment Limitation on Long-term Leased Property; Providing that property that receives a certain tax exemption shall be assessed in a specified manner; providing that changes, additions, and improvements to such properties shall be assessed in a specified manner; requiring the submission of an application containing specified information before receiving a specified tax exemption; providing specified tax exemptions for property that meets certain eligibility requirements, etc.
Last Action: 4/22/2025 Senate - CS by Finance and Tax read 1st time
Bill Text: Web Page | PDF
- Community Affairs (CA)
- Finance and Tax (FT)
- Rules (RC)
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Bill History
Date Chamber Action 2/27/2025 Senate • Filed
3/6/2025 Senate • Referred to Community Affairs; Finance and Tax; Rules
3/10/2025 Senate • Introduced
3/20/2025 Senate • On Committee agenda-- Community Affairs, 03/25/25, 11:00 am, 37 Senate Building
3/25/2025 Senate • Favorable by Community Affairs; YEAS 7 NAYS 1
• Now in Finance and Tax
4/10/2025 Senate • On Committee agenda-- Finance and Tax, 04/15/25, 12:30 pm, 301 Senate Building
4/15/2025 Senate • CS by Finance and Tax; YEAS 5 NAYS 0
4/17/2025 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
• Now in Rules
4/22/2025 Senate • CS by Finance and Tax read 1st time
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CS/SB 1512, Committee Substitute 1 (Current Bill Version) Posted 4/17/2025 at 8:29 AM
Bill Text: Web Page | PDF Analyses: None Related Bills (3)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1510 (c1) Homestead Property Exemptions and Assessment Limitation Avila Linked Last Action: 4/22/2025 S CS by Finance and Tax read 1st time H 1259 (c2) Property Tax Benefits for Residential Properties Ways & Means Committee Similar Last Action: 4/25/2025 S Received H 1257 (c2) Property Tax Benefits for Residential Properties Ways & Means Committee Compare Last Action: 4/25/2025 S Received 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) -
SB 1512, Original Filed Version Posted 2/27/2025 at 10:02 AM
Bill Text: Web Page | PDF Analyses: Community Affairs (Pre-Meeting) 3/24/2025 (pdf)
Community Affairs (Post-Meeting) 3/25/2025 (pdf)
Finance and Tax (Pre-Meeting) 4/14/2025 (pdf)
Finance and Tax (Post-Meeting) 4/16/2025 (pdf)
Related Bills (3)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1510 (c1) Homestead Property Exemptions and Assessment Limitation Avila Linked Last Action: 4/22/2025 S CS by Finance and Tax read 1st time H 1259 (c1) Property Tax Benefits for Residential Properties Ways & Means Committee Similar Last Action: 4/25/2025 S Received H 1257 (c1) Property Tax Benefits for Residential Properties Ways & Means Committee Compare Last Action: 4/25/2025 S Received Committee Amendments (2)
Amendment Sponsor Filed Last Committee Action Format 525696 - Amendment
Delete lines 54 - 168 and insert:Finance and Tax
(Avila)4/12/2025
2:06 PMReplaced by Committee Substitute
4/15/2025Web Page
PDF802884 - Amendment to Amendment (525696)
After line 141 insert:Finance and Tax
(Avila)4/15/2025
12:21 PMReplaced by Committee Substitute
4/15/2025Web Page
PDFCommittee Votes (2)
Date Committee Result 3/25/2025 11:00 AM Community Affairs 7 Yeas - 1 Nays 4/15/2025 12:30 PM Finance and Tax 5 Yeas - 0 Nays 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 7 (pdf) 194.032 Hearing purposes; timetable. Page 8 (pdf) 196.011 Annual application required for exemption. Page 5 (pdf) 196.034 Page 6 (pdf)