Bill > SB1237

This bill modifies Texas Tax Code Section 11.18 to expand property tax exemptions for charitable organizations that provide housing and services to people aged 62 and older. Specifically, the bill allows such organizations to qualify for a property tax exemption if they provide charitable housing and services equal to at least 4% of their net resident revenue, with two key conditions: either the organization must have been in existence for at least 20 years, or it must be under common control with an organization that meets that age requirement. The bill also defines "charitable housing and services" broadly, including housing in independent living, assisted living, and nursing facilities, as well as various supportive services like ministerial support, health care, social services, and educational services. The changes will apply to ad valorem (property) tax years beginning on or after the effective date of January 1, 2026. This modification aims to provide more flexibility for charitable organizations serving seniors by creating an additional pathway to obtain property tax exemptions based on the services they provide.

Government Affairs

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=SB1237