Texas HB4750 amends tax code to exempt certain charitable organizations from ad valorem taxation.

Texas HB4750 amends the state tax code to exempt from ad valorem taxation the property of certain charitable organizations that provide housing on a cooperative basis. The bill specifies that these organizations must be exempt from federal income tax under the Internal Revenue Code and governed by their members. The exemption applies to ad valorem tax years beginning on or after January 1, 2026.

Texas HB4750 amends tax code to exempt certain charitable organizations from ad valorem taxation.

Texas HB4750 amends the state tax code to exempt from ad valorem taxation the property of certain charitable organizations that provide housing on a cooperative basis. The bill specifies that these organizations must be exempt from federal income tax under the Internal Revenue Code and governed by their members. The exemption applies to ad valorem tax years beginning on or after January 1, 2026.