Texas HB23 exempts from ad valorem taxation property owned by certain nonprofit corporations in populous counties, used for agriculture, youth.

Texas HB23 amends the Tax Code to exempt from ad valorem taxation property owned by certain nonprofit corporations in counties with a population of 3.3 million or more. These corporations must be organized for charitable, educational, and scientific purposes and use the property to promote agriculture, support youth, and provide educational support in the community. The exemption does not apply to for-profit lessees of the property. The Act takes effect January 1, 2026.

Texas HB23 exempts from ad valorem taxation property owned by certain nonprofit corporations in populous counties, used for agriculture, youth.

Texas HB23 amends the Tax Code to exempt from ad valorem taxation property owned by certain nonprofit corporations in counties with a population of 3.3 million or more. These corporations must be organized for charitable, educational, and scientific purposes and use the property to promote agriculture, support youth, and provide educational support in the community. The exemption does not apply to for-profit lessees of the property. The Act takes effect January 1, 2026.