Texas SB2956 amends tax code to reinstate expired property tax exemptions for charitable organizations and requires reporting of material changes.

Texas SB2956 amends the Texas Tax Code to reinstate property tax exemptions for organizations that previously held exemptions but expired before September 1, 2025. The bill allows for automatic reinstatement of these exemptions if the organization still owns the property and meets certain conditions. It also mandates that organizations notify the comptroller and chief appraiser of material changes, such as property sales or changes in IRS status. Additionally, the bill specifies that if an organization paid taxes during the period of expired exemption, a refund must be issued.

Texas SB2956 amends tax code to reinstate expired property tax exemptions for charitable organizations and requires reporting of material changes.

Texas SB2956 amends the Texas Tax Code to reinstate property tax exemptions for organizations that previously held exemptions but expired before September 1, 2025. The bill allows for automatic reinstatement of these exemptions if the organization still owns the property and meets certain conditions. It also mandates that organizations notify the comptroller and chief appraiser of material changes, such as property sales or changes in IRS status. Additionally, the bill specifies that if an organization paid taxes during the period of expired exemption, a refund must be issued.