Loading chat...
TX SB994
Bill
Status
1/29/2025
Primary Sponsor
Robert Nichols
Click for details
AI Summary
-
Creates a new property tax (ad valorem) exemption for animal feed inventory held by retailers for sale, specifically for feed types already exempt from sales and use taxes under Tax Code Section 151.316(a)(3) or (4)
-
Adds Section 11.162 to the Tax Code, allowing owners of qualifying animal feed held for retail sale to exempt the full appraised value of that inventory from property taxation
-
Applies only to tax years beginning on or after the effective date of the act
-
Takes effect January 1, 2026, contingent upon voter approval of a related constitutional amendment proposed by the 89th Legislature authorizing this exemption
-
Has no effect if the required constitutional amendment is not approved by Texas voters
Legislative Description
Relating to an exemption from ad valorem taxation of tangible personal property consisting of animal feed held by the owner of the property for sale at retail.
Property Interests
Last Action
Left pending in committee
4/14/2025