Bill > HB5096

This bill allows the governing body of a taxing unit (such as a city or county) in Texas to create a temporary property tax exemption for surplus real property purchased from the El Paso Independent School District. Specifically, the taxing unit can choose to exempt the total appraised value of such property from taxation for a period of 10 years through an official action. The bill is contingent upon voters approving a constitutional amendment during the 2025 legislative session that would authorize this type of local tax exemption. If the constitutional amendment is not approved by voters, this bill will have no effect. The tax exemption would apply to tax years beginning on or after the bill's effective date of January 1, 2026. The purpose appears to be to provide a financial incentive for purchasing surplus school district property and potentially encourage redevelopment or reuse of unused school district real estate.

Budget and Finance

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB5096