HB 22
AN ACT relating to the exemption from ad valorem taxation of intangible
89th Regular Session
Jan 14, 2025 - Jun 2, 2025 • Session ended
Awaiting Committee Assignment
Bill filed, pending referral to House committee
Committee
Not yet assigned
Fiscal Note
Not available
What This Bill Does
relating to the exemption from ad valorem taxation of intangible
Subject Areas
Bill Text
relating to the exemption from ad valorem taxation of intangible BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 11.02(a), Tax Code, is amended to read as (a) Intangible [Except as provided by Subsection (b) of this section, intangible] personal property is not taxable. SECTION 2. Section 42.05, Tax Code, is amended to read as Sec. 42.05. COMPTROLLER AS PARTY. The comptroller is an opposing party in an appeal by[: [(1) a property owner of an order of the comptroller determining a protest of the appraisal, interstate allocation, or intrastate apportionment of transportation business intangibles; [(2)] a county or a property owner of an order of the comptroller apportioning among the counties the appraised value of SECTION 3. The following provisions of the Tax Code are (1) Sections 11.02(b) and (c); SECTION 4. The changes in law made by this Act apply only to an ad valorem tax year that begins on or after the effective date of SECTION 5. This Act takes effect January 1, 2026.
Bill Sponsors
Legislators who authored or co-sponsored this bill.
Bill History
Bill filed: AN ACT relating to the exemption from ad valorem taxation of intangible
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