TX SB2517

Creates a property tax exemption for real property owners who lease their property to governmental entities established under Subchapter B, Chapter 265, Health and Safety Code, for use as a hospital and related health care services

Requires the leased property to be used exclusively for hospital operation, administration, or provision of related health care services and be reasonably necessary for those purposes

Mandates property owners provide an affidavit certifying they will pass the tax savings to the leasing governmental entity through reduced lease payments or credits

Property owners must annually disclose the tax reduction amount and method for reducing lease consideration to reflect the exemption savings

Takes effect January 1, 2026, contingent on voter approval of a related constitutional amendment proposed by the 89th Legislature