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AN ACT
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relating to an exemption from ad valorem taxation of certain |
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interests in a mineral in place owned by certain charitable |
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organizations. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 11.18(a), Tax Code, is amended to read as |
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follows: |
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(a) An organization that qualifies as a charitable |
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organization as provided by this section is entitled to an |
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exemption from taxation of: |
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(1) the buildings and tangible personal property that: |
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(A) are owned by the charitable organization; and |
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(B) except as permitted by Subsection (b), are |
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used exclusively by qualified charitable organizations; [and] |
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(2) the real property owned by the charitable |
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organization consisting of: |
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(A) an incomplete improvement that: |
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(i) is under active construction or other |
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physical preparation; and |
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(ii) is designed and intended to be used |
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exclusively by qualified charitable organizations; and |
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(B) the land on which the incomplete improvement |
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is located that will be reasonably necessary for the use of the |
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improvement by qualified charitable organizations; and |
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(3) if the charitable organization is described by |
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Subsection (d)(1), (2), (3)(A)(ii), (5), (8), (13), (15), or (19), |
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the real property owned by the charitable organization consisting |
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of an interest in a mineral in place, including a royalty interest, |
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provided that the interest: |
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(A) is not severed from the surface estate; or |
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(B) was donated to the charitable organization by |
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the previous owner of the interest. |
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SECTION 2. This Act applies only to ad valorem taxes imposed |
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for a tax year beginning on or after the effective date of this Act. |
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SECTION 3. This Act takes effect January 1, 2024. |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I certify that H.B. No. 456 was passed by the House on April |
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5, 2023, by the following vote: Yeas 145, Nays 1, 2 present, not |
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voting; and that the House concurred in Senate amendments to H.B. |
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No. 456 on May 25, 2023, by the following vote: Yeas 135, Nays 2, 1 |
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present, not voting. |
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______________________________ |
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Chief Clerk of the House |
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I certify that H.B. No. 456 was passed by the Senate, with |
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amendments, on May 21, 2023, by the following vote: Yeas 29, Nays |
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2. |
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______________________________ |
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Secretary of the Senate |
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APPROVED: __________________ |
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Date |
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__________________ |
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Governor |