H.B. No. 1254
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
(a) An [Except as provided by Subsection (a-1), an]
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 Section 23.42(a-1), Tax Code, is repealed.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
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