HB1201 — Relating to an exemption from ad valorem taxation of real property owned by a charitable organization for the purpose of renting the property at below-market rates to low-income and moderate-income households.

HB1201 — Relating to an exemption from ad valorem taxation of real property owned by a charitable organization for the purpose of renting the property at below-market rates to low-income and moderate-income households. · Informed CitizenryHB 1201 amends the Tax Code to provide an exemption from ad valorem taxation for real property owned by charitable organizations. Specifically, it allows for a tax exemption on property used to pro…Open in Informed Citizenry