Texas HB2931 exempts individuals aged 65 and older from renewing their agricultural and timber tax exemption registration numbers.

Texas HB2931 amends the Tax Code to exempt individuals aged 65 and older from the requirement to renew their agricultural and timber tax exemption registration numbers. This exemption applies to registration numbers issued to or held by these individuals, ensuring they do not expire and do not need renewal. The bill clarifies that this exemption does not apply to registration numbers that expired before the effective date of the Act and were not renewed. Additionally, the changes in law made by this Act do not affect tax liability accruing before the effective date of the Act.

Texas HB2931 exempts individuals aged 65 and older from renewing their agricultural and timber tax exemption registration numbers.

Texas HB2931 amends the Tax Code to exempt individuals aged 65 and older from the requirement to renew their agricultural and timber tax exemption registration numbers. This exemption applies to registration numbers issued to or held by these individuals, ensuring they do not expire and do not need renewal. The bill clarifies that this exemption does not apply to registration numbers that expired before the effective date of the Act and were not renewed. Additionally, the changes in law made by this Act do not affect tax liability accruing before the effective date of the Act.