SB459 — Relating to the exemption of tangible personal property from ad valorem taxation; making conforming changes.

SB459 — Relating to the exemption of tangible personal property from ad valorem taxation; making conforming changes. · Informed CitizenrySB459 amends the Tax Code to exempt tangible personal property from ad valorem taxation beginning January 1, 2026. The bill also modifies tax exemption provisions for charitable organizations, reli…Open in Informed Citizenry