Texas HB255 amends tax definitions to include livestock, poultry, and timber in the exemption from ad valorem taxation for farm products in the hands.

Texas HB255 modifies the definitions in the Tax Code to clarify the exemption from ad valorem taxation for farm products in the hands of the producer. Specifically, it includes livestock, poultry, and timber in the definition of "farm products." The bill also defines "in the hands of the producer" for these products, specifying conditions for livestock, poultry, and eggs, as well as for timber. This Act applies to tax years beginning on or after January 1, 2026, contingent on voter approval of a related constitutional amendment.

Texas HB255 amends tax definitions to include livestock, poultry, and timber in the exemption from ad valorem taxation for farm products in the hands.

Texas HB255 modifies the definitions in the Tax Code to clarify the exemption from ad valorem taxation for farm products in the hands of the producer. Specifically, it includes livestock, poultry, and timber in the definition of "farm products." The bill also defines "in the hands of the producer" for these products, specifying conditions for livestock, poultry, and eggs, as well as for timber. This Act applies to tax years beginning on or after January 1, 2026, contingent on voter approval of a related constitutional amendment.