Bill > SB994

This bill creates a new property tax exemption for animal feed that is currently exempt from sales and use taxes. Specifically, the bill allows owners of tangible personal property (physical items) consisting of animal feed to be exempt from ad valorem taxation (local property taxes) if the feed is held for sale at retail. The exemption applies only to animal feed that is already exempt from sales and use taxes under certain existing tax code provisions. The bill will only take effect on January 1, 2026, and is contingent upon voters approving a related constitutional amendment that would authorize the legislature to create this specific tax exemption. This means that if voters do not approve the constitutional amendment during the 2025 legislative session, the bill will not go into effect. The tax exemption would apply to property tax years beginning on or after the effective date of the act.

Government Affairs

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=SB994