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Ord 44-2024 100% Tax Exemption for Childcare Facilities 08/20/2024 Ordinance No. 44-2024 Ordinance providing for a 100% Tax Exemption for Tax Year 2024 and each year thereafter on qualifying Child-Care Facilities; containing findings and other provisions relating to the foregoing subject; providing for an effective date WHEREAS, during the 88th Legislative Session, the Texas Legislature passed Senate Bill (SB) 1145 and Senate Joint Resolution (SJR) 64 to amend Article VIII of the Texas Constitution to allow cities and counties the option to provide an exemption from ad valorem property taxation between 50 to 100 percent of the appraised value of all or a part of real property used to operate a child care facility, contingent on voter approval; and, WHEREAS, on November 7, 2023, 64.8% of Texas voters approved the constitutional amendment (Proposition/Prop 2), which paved the way for SB 1145 and SJR 64 to officially become law on January 1 , 2024; and, WHEREAS, the City of Wichita Falls wishes to exempt qualifying child-care facilities from 100 percent of the ad valorem property taxation. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, THAT: 1 . There is hereby exempted from all ad valorem taxes hereafter levied by the City a portion of the appraised value of qualifying child-care facilities, as defined under Chapter 11 of the Texas Tax Code, as periodically amended. Effective January 1 , 2024, the amount of the aforesaid exemption shall be equal to 100 percent of the appraised value of qualifying child-care facilities for the tax year 2024 and for each year thereafter. 2. This shall be effective on September 21 , 2024 PASSED AND APPROVED this the 20th day of August 2024. MAYOR ATTEST: .j7q City Clerk