TX SB2289

Bill

Relating to the exemption from ad valorem taxation of equipment or inventory held by a manufacturer of medical or biomedical products to protect the Texas healthcare network and strengthen our medical supply chain.

Introduced
03/10/2023

In Committee
05/08/2023

Crossed Over
04/13/2023

Passed
05/18/2023

Dead

Signed/Enacted/Adopted
06/02/2023

Introduced Session

88th Legislature Regular Session

Bill Summary

AI Summary

This bill exempts from ad valorem (property) taxation the equipment or inventory held by manufacturers of medical or biomedical products in Texas. The exemption is intended to protect the Texas healthcare network and strengthen the state's medical supply chain. The bill defines "medical or biomedical property" broadly to include various types of medical and research-related equipment, devices, and inventories. The exemption applies to property located in a medical or biomedical manufacturing facility owned or leased by the manufacturer. The bill also amends the Tax Code to allow persons acquiring the property after January 1 to receive the exemption immediately upon qualification.

Committee Categories

Budget and Finance

Sponsors (4)

Greg Bonnen (R)*, Joan Huffman (R)*, Carol Alvarado (D), Royce West (D),

Last Action

See remarks for effective date (on 06/02/2023)

Official Document

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=88R&Bill=SB2289

(2 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://capitol.texas.gov/BillLookup/History.aspx?LegSess=88R&Bill=SB2289
Analysis (Enrolled)	https://capitol.texas.gov/tlodocs/88R/analysis/html/SB02289F.htm
BillText	https://capitol.texas.gov/tlodocs/88R/billtext/html/SB02289F.htm
BillText	https://capitol.texas.gov/tlodocs/88R/billtext/html/SB02289H.htm
Analysis (House Committee Report)	https://capitol.texas.gov/tlodocs/88R/analysis/html/SB02289H.htm
Fiscal Note (Engrossed)	https://capitol.texas.gov/tlodocs/88R/fiscalnotes/html/SB02289E.htm
BillText	https://capitol.texas.gov/tlodocs/88R/billtext/html/SB02289E.htm
Senate Amendment (S 2) F1-Huffman	https://capitol.texas.gov/tlodocs/88R/amendments/html/SB02289S2F1.HTM
BillText	https://capitol.texas.gov/tlodocs/88R/billtext/html/SB02289S.htm
Fiscal Note (Introduced)	https://capitol.texas.gov/tlodocs/88R/fiscalnotes/html/SB02289I.htm
Analysis (Introduced)	https://capitol.texas.gov/tlodocs/88R/analysis/html/SB02289I.htm
BillText	https://capitol.texas.gov/tlodocs/88R/billtext/html/SB02289I.htm

Bill	Bill Name	Last Action	Type
HB4901	Relating to the exemption from ad valorem taxation of certain tangible personal property held by a manufacturer of medical or biomedical products as a finished good or used in the manufacturing or processing of medical or biomedical products.	Left pending in committee	Same As
SJR87	Proposing a constitutional amendment to authorize the legislature to exempt from ad valorem taxation equipment or inventory held by a manufacturer of medical or biomedical products to protect the Texas healthcare network and strengthen our medical supply chain.	Filed with the Secretary of State	Enabling for

Bill > SB2289

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (4)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary