Texas SB994 proposes an exemption from ad valorem taxation for animal feed held for retail sale.

Texas SB994 amends the Tax Code to exempt from ad valorem taxation the appraised value of tangible personal property consisting of animal feed if held by the owner for sale at retail. This exemption applies only if the animal feed is already exempt from sales and use taxes. The bill's provisions take effect on January 1, 2026, contingent upon voter approval of a constitutional amendment proposed by the 89th Legislature.

Texas SB994 proposes an exemption from ad valorem taxation for animal feed held for retail sale.

Texas SB994 amends the Tax Code to exempt from ad valorem taxation the appraised value of tangible personal property consisting of animal feed if held by the owner for sale at retail. This exemption applies only if the animal feed is already exempt from sales and use taxes. The bill's provisions take effect on January 1, 2026, contingent upon voter approval of a constitutional amendment proposed by the 89th Legislature.