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A BILL TO BE ENTITLED
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AN ACT
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relating to the exemption from ad valorem taxation of property |
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owned by certain nonprofit corporations, located in a populous |
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county, and used to promote agriculture, support youth, and provide |
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educational support in the community. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 11.23, Tax Code, is amended by adding |
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Subsection (n) to read as follows: |
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(n) Promotion of Agriculture, Support of Youth, and |
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Provision of Educational Support in Populous Counties. In a county |
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with a population of 3.3 million or more, all real and personal |
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property owned by a nonprofit corporation, as that term is defined |
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by Section 22.001, Business Organizations Code, organized |
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exclusively for charitable, educational, and scientific purposes, |
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and held for use in promoting agriculture, supporting youth, and |
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providing educational support in the community is exempt from all |
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ad valorem taxation. This subsection does not exempt from ad |
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valorem taxation any interest in real or personal property, |
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including a leasehold or other possessory interest, of a for-profit |
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lessee of property for which a nonprofit corporation is entitled to |
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an exemption from taxation under this subsection. |
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SECTION 2. This Act applies only to an ad valorem tax year |
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that begins on or after the effective date of this Act. |
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SECTION 3. This Act takes effect January 1, 2026. |