Sec. 8838.152. AD VALOREM TAX EXEMPTION FOR PROPERTY ON WHICH WATER CONSERVATION INITIATIVE HAS BEEN IMPLEMENTED. (a) The district may adopt rules providing for granting exemptions from ad valorem taxes on property on which a water conservation initiative has been implemented as provided by Section 11.32, Tax Code.
(b) The total amount of the exemption from ad valorem taxes may not exceed one-half of the tax imposed by the district.
Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.03, eff. April 1, 2013.
Section: Previous 8838.004 8838.005 8838.051 8838.052 8838.053 8838.054 8838.055 8838.101 8838.102 8838.103 8838.104 8838.105 8838.106 8838.151 8838.152Last modified: September 28, 2016