SB40 — 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.

SB40 — 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. · Informed CitizenrySB40 amends the Tax Code to provide an exemption from ad valorem taxation for all real and personal property owned by certain nonprofit corporations. This exemption applies to property located in a…Open in Informed Citizenry