Relating to the exemption from ad valorem taxation of property owned by certain nonprofit corporations, located in a populous county, and used to promote agriculture, support youth, and provide educational support in the community.

Summary

The bill adds a new exemption to the Texas Tax Code that removes ad valorem taxes on real and personal property owned by nonprofit corporations that promote agriculture, support youth, and provide community education, but only in counties with a population of 3.3 million or more. The exemption applies to the property itself and does not cover leasehold or other interests held by for‑profit tenants. It becomes effective for tax years beginning on or after January 1 2026.

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