HB4650 — Relating to the exemption from ad valorem taxation of property owned by a community land trust or housing finance corporation.

HB4650 — Relating to the exemption from ad valorem taxation of property owned by a community land trust or housing finance corporation. · Informed CitizenryThe bill amends the Tax Code and the Local Government Code to provide exemptions from ad valorem taxation for community land trusts and housing finance corporations. Under Section 1 (Tax Code), a…Open in Informed Citizenry