Texas HB99 proposes an exemption from ad valorem taxation for certain land in priority groundwater management areas that is not irrigated.

Texas HB99 amends the Tax Code to exempt from ad valorem taxation 35 percent of the appraised value of land located in a priority groundwater management area, provided the land is not irrigated, is at least one-half acre, and is not subject to appraisal under certain subchapters. This exemption applies only if a constitutional amendment authorizing the exemption is approved by voters. The bill also includes provisions for the continuation of the exemption and the requirement for reapplication by certain landowners.

Texas HB99 proposes an exemption from ad valorem taxation for certain land in priority groundwater management areas that is not irrigated.

Texas HB99 amends the Tax Code to exempt from ad valorem taxation 35 percent of the appraised value of land located in a priority groundwater management area, provided the land is not irrigated, is at least one-half acre, and is not subject to appraisal under certain subchapters. This exemption applies only if a constitutional amendment authorizing the exemption is approved by voters. The bill also includes provisions for the continuation of the exemption and the requirement for reapplication by certain landowners.