SB 1512: Property Tax Exemption and Assessment Limitation on Long-term Leased Property
GENERAL BILL by 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.
Effective Date: On the effective date of the amendment to the State Constitution proposed by SJR 1510 or a similar joint resolution having substantially the same specific intent and purpose, if such amendment is approved at the next general election
Last Action: 2/27/2025 Senate - Filed
Bill Text: Web Page | PDF
Last Action: 2/27/2025 Senate - Filed
Bill Text: Web Page | PDF
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Bill History
Date Chamber Action 2/27/2025 Senate • Filed
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SB 1512, Original Filed Version (Current Bill Version) Posted 2/27/2025 at 10:02 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 Homestead Property Exemption and Assessment Limitations Avila Linked Last Action: 2/27/2025 S Filed 
H 1259 Property Tax Exemption and Assessment Limitation on Long-term Leased Property Busatta Identical Last Action: 2/26/2025 H Filed
H 1257 Property Tax Benefits for Certain Residential Properties Subject to a Long-term Lease Busatta Compare Last Action: 2/26/2025 H 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 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)