87R3533 SMT-F     By: Gates H.B. No. 1096       A BILL TO BE ENTITLED   AN ACT   relating to the taxation of a leasehold or other possessory   interest in a public facility granted by a public facility   corporation.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 303.042(f), Local Government Code, is   repealed.          SECTION 2.  The repeal of Section 303.042(f), Local   Government Code, does not apply to a leasehold or other possessory   interest granted before the effective date of this Act. A leasehold   or other possessory interest granted before the effective date of   this Act is governed by the law in effect immediately before the   effective date of this Act, and the former law is continued in   effect for that purpose.          SECTION 3.  This Act takes effect immediately if it receives   a vote of two-thirds of all the members elected to each house, as   provided by Section 39, Article III, Texas Constitution.  If this   Act does not receive the vote necessary for immediate effect, this   Act takes effect September 1, 2021.