PROP TX-LEAD SERVICE LINES

Amends the Property Tax Code. Creates a homestead exemption for property if the owner: (i) replaces a lead-containing service line on the property with a service line that does not contain lead; and (ii) connects that line to a water main that does not contain lead or is replaced with a water main that does not contain lead at the same time as the improvements to the service line are made. Provides that the amount of the exemption is equal to the cost of replacing the lead-containing service lines on the property. Effective immediately.