Texas HB4083 proposes an exemption from ad valorem taxation for certain perishable inventory held for sale at retail.

HB4083 amends the Texas Tax Code to exempt from ad valorem taxation the appraised value of perishable inventory held for sale at retail. Perishable inventory includes food products, prescription and nonprescription drugs, and dietary supplements or vitamins. The exemption applies to tax years beginning on or after January 1, 2026, but only if a constitutional amendment authorizing the exemption is approved by voters. The exemption does not apply if the taxpayer owes a delinquent tax on January 1 of the tax year.

Texas HB4083 proposes an exemption from ad valorem taxation for certain perishable inventory held for sale at retail.

HB4083 amends the Texas Tax Code to exempt from ad valorem taxation the appraised value of perishable inventory held for sale at retail. Perishable inventory includes food products, prescription and nonprescription drugs, and dietary supplements or vitamins. The exemption applies to tax years beginning on or after January 1, 2026, but only if a constitutional amendment authorizing the exemption is approved by voters. The exemption does not apply if the taxpayer owes a delinquent tax on January 1 of the tax year.