Texas HB5096 allows taxing units to exempt surplus real property purchased from El Paso Independent School District from ad valorem taxation for 10.

Texas HB5096 amends the Tax Code to allow the governing body of a taxing unit to exempt from taxation for 10 years the total appraised value of surplus real property a person purchases from the El Paso Independent School District. This exemption applies to ad valorem taxes imposed for a tax year beginning on or after the effective date of this Act, which is January 1, 2026, contingent on voter approval of a constitutional amendment.

Texas HB5096 allows taxing units to exempt surplus real property purchased from El Paso Independent School District from ad valorem taxation for 10.

Texas HB5096 amends the Tax Code to allow the governing body of a taxing unit to exempt from taxation for 10 years the total appraised value of surplus real property a person purchases from the El Paso Independent School District. This exemption applies to ad valorem taxes imposed for a tax year beginning on or after the effective date of this Act, which is January 1, 2026, contingent on voter approval of a constitutional amendment.