Tex. Spec. Dist. Local Laws Code § 3503.1541 · Subchapter D. ADDITIONAL FINANCIAL PROVISIONS
CERTAIN PROPERTY EXEMPT FROM TAXATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A leasehold or other possessory interest granted to a person by the authority or by a nonprofit corporation holding title for the authority is owned, used, and held for a public purpose for and on behalf of the authority and is exempt from taxation under Section 11.11, Tax Code.
(b) Section 25.07(a), Tax Code, does not apply to a leasehold or other possessory interest granted to a person by the authority or by a nonprofit corporation holding title for the authority during the period the authority or nonprofit corporation owns the estate or interest encumbered by the possessory interest.
Notes and commentary — not statutory text
History
Added by Acts 2019, 86th Leg., R.S., Ch. 333 (S.B. 579), Sec. 1, eff. January 1, 2020.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3503.htm
- Text hash
- sha256 c652e92cf0b1030ce71c91942916b8269f868975da79770ad80dfb7e2d833b1d
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
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