TX HB22

Amends Texas Tax Code Section 11.02(a) to establish that intangible personal property is not taxable for ad valorem (property tax) purposes, removing a previous exception that allowed taxation of certain intangibles

Removes the comptroller's role as opposing party in appeals related to transportation business intangibles appraisal, interstate allocation, or intrastate apportionment, while retaining the comptroller's role in railroad rolling stock valuation appeals

Repeals multiple Tax Code sections (11.02(b), 11.02(c), 21.06, 21.07, 21.08, 23.15, and 23.16) that governed taxation and appraisal of intangible personal property

Takes effect January 1, 2026, and applies only to ad valorem tax years beginning on or after that date

Passed the House on April 3, 2025 (133-10) and the Senate on May 9, 2025 (30-1)