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TX SB773
Bill
Status
1/13/2025
Primary Sponsor
Sarah Eckhardt
Click for details
AI Summary
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Expands ad valorem (property) tax exemptions for charitable organizations by adding a new category covering "all real property" owned by qualifying organizations, not just buildings and improvements
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Specifically extends the real property tax exemption to charitable organizations described under Subsection (d)(10), (21), or (22) of Section 11.18 of the Tax Code
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Requires that the real property be used exclusively by the charitable organization to qualify for the exemption, with limited exceptions permitted under existing law
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Applies only to ad valorem tax years beginning on or after the effective date
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Takes effect September 1, 2025
Legislative Description
Relating to the exemption from ad valorem taxation of real property owned by certain charitable organizations.
Property Interests
Last Action
Referred to Local Government
2/7/2025