Exempts real property leased to local public entities for hospital use from ad valorem taxation, pending voter approval.

This bill amends the Texas Tax Code to allow an exemption from ad valorem taxation for real property leased to certain local public entities for use as a hospital and related health care services. The exemption is contingent on the property being used exclusively for hospital operations and administration, and the property owner certifying by affidavit that they will reduce the lease payment to reflect the tax exemption.

Exempts real property leased to local public entities for hospital use from ad valorem taxation, pending voter approval.

This bill amends the Texas Tax Code to allow an exemption from ad valorem taxation for real property leased to certain local public entities for use as a hospital and related health care services. The exemption is contingent on the property being used exclusively for hospital operations and administration, and the property owner certifying by affidavit that they will reduce the lease payment to reflect the tax exemption.