HB1547 - Relating to the exclusion from the market value of real property for ad valorem tax purposes of the value of any improvement, or any feature incorporated in an improvement, made to the property if the primary purpose of the improvement or feature is compliance with the requirements of standards that address accessible design of buildings or other facilities.

  89R198 TJB-D     By: Raymond H.B. No. 1547       A BILL TO BE ENTITLED   AN ACT   relating to the exclusion from the market value of real property for   ad valorem tax purposes of the value of any improvement, or any   feature incorporated in an improvement, made to the property if the   primary purpose of the improvement or feature is compliance with   the requirements of standards that address accessible design of   buildings or other facilities.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Subchapter A, Chapter 23, Tax Code, is amended by   adding Section 23.015 to read as follows:           Sec.   23.015.     EXCLUSION OF VALUE OF IMPROVEMENT MADE TO   COMPLY WITH ACCESSIBILITY STANDARDS. In determining the market   value of real property, the chief appraiser shall exclude from that   value the value of any improvement, or any feature incorporated in   an improvement, made to the property if the primary purpose of the   improvement or feature is compliance with the requirements of the   2010 Americans with Disabilities Act Standards for Accessible   Design or any successor standards that address accessible design of   buildings or other facilities and are promulgated under the   Americans with Disabilities Act of 1990 (42 U.S.C. Section 12101 et   seq.).          SECTION 2.  This Act applies only to the determination of the   market value of real property for ad valorem tax purposes for a tax   year that begins on or after the effective date of this Act.          SECTION 3.  The change in law made by this Act applies to an   improvement, or a feature incorporated in an improvement, described   by Section 23.015, Tax Code, as added by this Act, made to real   property only if the improvement is made to the property, or the   feature is incorporated in an improvement made to the property, on   or after January 1, 2025.          SECTION 4.  This Act takes effect January 1, 2026, but only   if the constitutional amendment proposed by the 89th Legislature,   Regular Session, 2025, to authorize the legislature to exclude from   the market value of real property for ad valorem tax purposes the   value of any improvement, or any feature incorporated in an   improvement, made to the property if the primary purpose of the   improvement or feature is compliance with the requirements of   standards that address accessible design of buildings or other   facilities is approved by the voters. If that amendment is not   approved by the voters, this Act has no effect.