Bill > SB1145

This bill would allow counties and municipalities to offer a local option exemption from ad valorem (property) taxes for all or part of the appraised value of real property used to operate a qualifying child-care facility. To qualify, the child-care facility must participate in the Texas Workforce Commission's Texas Rising Star Program and have at least 20% of its enrolled children receiving subsidized child-care services. The governing body can set the exemption at 50% or more of the appraised value. The property must be used exclusively for the facility's developmental and educational services, with some exceptions for incidental functions that benefit the children or staff. The bill also requires property owners claiming the exemption for leased property to pass the tax savings on to the child-care facility through rent credits. The bill would only apply to property taxes imposed starting in 2024, and is contingent on the approval of a related constitutional amendment.

Budget and Finance, Government Affairs

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=88R&Bill=SB1145