| H.B. No. 1254 | ||
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| relating to the eligibility of land secured by a home equity loan to | ||
| be designated for agricultural use for ad valorem tax purposes. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 23.42(a), Tax Code, is amended to read as | ||
| follows: | ||
| (a) An [ |
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| individual is entitled to have land he owns designated for | ||
| agricultural use if, on January 1: | ||
| (1) the land has been devoted exclusively to or | ||
| developed continuously for agriculture for the three years | ||
| preceding the current year; | ||
| (2) the individual is using and intends to use the land | ||
| for agriculture as an occupation or a business venture for profit | ||
| during the current year; and | ||
| (3) agriculture is the individual's primary occupation | ||
| and primary source of income. | ||
| SECTION 2. Section 23.42(a-1), Tax Code, is repealed. | ||
| SECTION 3. This Act takes effect January 1, 2020. | ||
| ______________________________ | ______________________________ | |
| President of the Senate | Speaker of the House | |
| I certify that H.B. No. 1254 was passed by the House on April | ||
| 3, 2019, by the following vote: Yeas 146, Nays 1, 2 present, not | ||
| voting. | ||
| ______________________________ | ||
| Chief Clerk of the House | ||
| I certify that H.B. No. 1254 was passed by the Senate on April | ||
| 25, 2019, by the following vote: Yeas 30, Nays 0. | ||
| ______________________________ | ||
| Secretary of the Senate | ||
| APPROVED: _____________________ | ||
| Date | ||
| _____________________ | ||
| Governor | ||