TX HB5096

Authorizes the governing body of a taxing unit to exempt from ad valorem taxation the total appraised value of surplus real property purchased from the El Paso Independent School District

The property tax exemption would last for a period of 10 years from the time of purchase

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

Takes effect January 1, 2026, contingent upon voter approval of a related constitutional amendment proposed by the 89th Legislature authorizing temporary local option exemptions for surplus school district property

If the required constitutional amendment is not approved by voters, the Act has no effect