Bill
HB 2999
85(R) - 2017
House Ways & Means
Senate Finance
House Ways & Means
Senate Finance
Personal Property
Property Rights
Property taxes
Vote Recommendation
Neutral
-
Neutral
-
Neutral
-
Neutral
-
Neutral
-
Neutral
Author(s)
Dennis Bonnen
Sponsor(s)
Joan Huffman
Co-Sponsor(s)
Paul Bettencourt
Bill Caption
Relating to the exemption from ad valorem taxation of property owned by certain medical centers in certain counties.
Fiscal Notes
No fiscal implication to the State is anticipated.
Bill Analysis
Under
current law, the property owned by a nonprofit corporation and held for use during
the development of a medical center area in which the non-profit has donated
land for the purposes of developing hospital, medical, and educational uses is
exempt from the taxation.
HB 2999 would amend a subsection in current Tax
Code to bracket this exemption to Harris County and would include research and other auxiliary uses such as benevolent,
charitable, and educational functions as a qualifications for property held for
use during the development of a medical center area in which the non-profit corporation
has donated land is exempt from the taxation.
Vote Recommendation Notes
We oppose the creation of special preferential tax exemptions. However, this legislation merely changes the bracketing and eligibility qualifications for a current exemption and is more administrative than substantive in nature. For this reason we see no relationship between this bill and our liberty principles. We remain neutral.