HB399 — Relating to the exemption from ad valorem taxation of income-producing tangible personal property for a certain period of time.

HB399 — Relating to the exemption from ad valorem taxation of income-producing tangible personal property for a certain period of time. · Informed CitizenryThis bill amends Chapter 11 of the Tax Code by adding Section 11.144, which addresses income-producing tangible personal property for three years following incorporation. The exemption applies only…Open in Informed Citizenry