Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
HB 5478 modifies property tax exemptions for charitable organizations by removing the requirement for these entities to reapply for exemption every five years. It also mandates that organizations notify the comptroller and local appraisal districts of certain material changes, such as the sale of exempt property or loss of federal tax-exempt status. Additionally, it provides automatic reinstatement of previously expired exemptions under certain conditions​.
Author
Helen Kerwin