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TX HB2525
Bill
Status
6/20/2025
Primary Sponsor
Drew Darby
Click for details
AI Summary
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Expands property tax exemption eligibility for charitable organizations providing permanent housing to persons 62 years or older by adding a new qualifying pathway: providing charitable housing and services equal to at least 4% of net resident revenue
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Adds similar 4% charitable care threshold for retirement communities with single-campus independent living, assisted living, and nursing services as an alternative to the existing "without regard to ability to pay" requirement
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Requires organizations qualifying under the new 4% charitable housing provision to have been in existence for at least 20 years, or be under common control with a 20-year-old organization performing charitable functions
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Defines "charitable housing and services" to include housing (independent living, assisted living, or nursing facilities) plus services for seniors in financial need such as ministerial services, government-sponsored indigent health care, social services, health services, and educational services
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Takes effect January 1, 2026, and applies to tax years beginning on or after that date
Legislative Description
Relating to the exemption from ad valorem taxation of certain property owned by a charitable organization that is engaged in providing housing and related facilities and services to persons who are at least 62 years of age.
Taxation
Last Action
Effective on 1/1/26
6/20/2025