AD VALOREM TAX EXEMPTION FOR PROPERTY ON WHICH WATER CONSERVATION INITIATIVE HAS BEEN IMPLEMENTED.
Tex. SPEC. DIST. LOCAL LAWS Code § 8838.152.
in effect(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.
