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TX SB1237
Bill
Status
2/12/2025
Primary Sponsor
Angela Paxton
Click for details
AI Summary
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Expands ad valorem tax exemptions for charitable organizations providing permanent housing and related services to persons 62 years of age or older, adding a new pathway to qualify by providing charitable housing and services equal to at least 4% of net resident revenue
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Creates the same 4% charitable care threshold option for retirement communities offering independent living, assisted living, and nursing services on a single campus
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Requires organizations qualifying under the new 4% charitable care 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) and services such as ministerial services, government-sponsored indigent health care, social services, health services, educational services, and donations to qualifying senior housing organizations
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Takes effect January 1, 2026, applying to ad valorem 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
Committee report printed and distributed
4/29/2025