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TX HB4750
Bill
Status
3/13/2025
Primary Sponsor
Rafael Anchia
Click for details
AI Summary
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Expands the ad valorem (property) tax exemption for charitable organizations providing cooperative housing to include all individuals, not just students of institutions of higher education
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Removes the requirement that membership in cooperative housing organizations be limited to students enrolled in an institution, opening eligibility to any individual
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Maintains existing requirements that qualifying organizations must be 501(c)(3) tax-exempt, have open membership not limited to current member selection, be governed by members, and have members share housing management responsibility
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Applies only to ad valorem tax years beginning on or after the effective date
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Takes effect January 1, 2026
Legislative Description
Relating to the exemption from ad valorem taxation of property of certain charitable organizations that provide housing on a cooperative basis.
Taxation
Last Action
Referred to Ways & Means
4/3/2025