SB47 — Relating to the treatment of a replacement structure for a structure that was rendered uninhabitable or unusable by a casualty, a natural disaster, or wind or water damage as a new improvement for ad valorem tax purposes.

SB47 — Relating to the treatment of a replacement structure for a structure that was rendered uninhabitable or unusable by a casualty, a natural disaster, or wind or water damage as a new improvement for ad valorem tax purposes. · Informed CitizenrySB47 amends the Tax Code to modify how replacement structures are treated for ad valorem tax purposes when a structure is rendered uninhabitable or unusable by a casualty, a natural disaster declar…Open in Informed Citizenry