HB 5478

Principle Criteria
neutral
Free Enterprise
neutral
Property Rights
neutral
Personal Responsibility
neutral
Limited Government
neutral
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 (1)
Helen Kerwin
Related Legislation
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