Bill > SB773

This bill amends the Texas Tax Code to expand property tax exemptions for charitable organizations. Specifically, the bill adds a new provision that grants property tax exemptions for all real property owned by certain types of charitable organizations (specifically those described in Subsections (d)(10), (21), or (22) of the existing law), provided that the property is used exclusively by the organization. Currently, the law already provides tax exemptions for charitable organizations' buildings, personal property, and certain incomplete improvements, but this bill broadens the existing exemptions to include additional real property for specific categories of charitable organizations. The changes will apply to ad valorem (property) tax years beginning on or after the effective date, which is set for September 1, 2025. This modification aims to provide more comprehensive tax relief for qualifying charitable organizations by expanding the types of real property that can be exempt from taxation.

Government Affairs

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=SB773