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By: Harris, et al. (Senate Sponsor - Nichols) |
H.B. No. 1399 |
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(In the Senate - Received from the House April 29, 2025; |
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April 30, 2025, read first time and referred to Committee on Local |
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Government; May 6, 2025, reported favorably by the following vote: |
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Yeas 7, Nays 0; May 6, 2025, sent to printer.) |
| Click here to see the committee vote |
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A BILL TO BE ENTITLED
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AN ACT
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relating to an exemption from ad valorem taxation of tangible |
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personal property consisting of animal feed held by the owner of the |
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property for sale at retail. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter B, Chapter 11, Tax Code, is amended by |
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adding Section 11.162 to read as follows: |
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Sec. 11.162. ANIMAL FEED HELD FOR SALE AT RETAIL. The owner |
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of tangible personal property consisting of animal feed exempted |
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from sales and use taxes under Section 151.316(a)(3) or (4) is |
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entitled to an exemption from ad valorem taxation of the appraised |
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value of the tangible personal property if the property is held by |
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the owner for sale at retail. |
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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, 2026, but only |
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if the constitutional amendment proposed by the 89th Legislature, |
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Regular Session, 2025, authorizing the legislature to exempt from |
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ad valorem taxation tangible personal property consisting of animal |
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feed held by the owner of the property for sale at retail is |
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approved by the voters. If that amendment is not approved by the |
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voters, this Act has no effect. |
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