TX HB3438

Modifies the property tax exemption eligibility requirements for nonprofit community business organizations under Section 11.231 of the Tax Code

Removes the restriction that prohibited organizations from "financially supporting" a political committee, while maintaining the prohibition on being or forming a political committee

Allows nonprofit community business organizations that financially support political committees to still qualify for the property tax exemption, as long as they do not directly operate as or create such committees

Applies only to ad valorem tax years beginning on or after the effective date

Takes effect January 1, 2026