HB4580 — Relating to the exemption from ad valorem taxation of property owned by certain nonprofit corporations and used to promote agriculture, support youth, and provide educational support in the community.

HB4580 — Relating to the exemption from ad valorem taxation of property owned by certain nonprofit corporations and used to promote agriculture, support youth, and provide educational support in the community. · Informed CitizenryThe bill amends the Tax Code by adding Section 11.186 to grant an exemption from ad valorem taxation for certain nonprofit corporations. This exemption applies to all real and personal property own…Open in Informed Citizenry