| 3 | 5 | | |
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| 4 | 6 | | |
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| 5 | 7 | | A BILL TO BE ENTITLED |
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| 6 | 8 | | AN ACT |
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| 7 | 9 | | relating to an exemption from ad valorem taxation of tangible |
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| 8 | 10 | | personal property consisting of animal feed held by the owner of the |
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| 9 | 11 | | property for sale at retail. |
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| 10 | 12 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 11 | 13 | | SECTION 1. Subchapter B, Chapter 11, Tax Code, is amended by |
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| 12 | 14 | | adding Section 11.162 to read as follows: |
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| 13 | 15 | | Sec. 11.162. ANIMAL FEED HELD FOR SALE AT RETAIL. The owner |
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| 14 | 16 | | of tangible personal property consisting of animal feed exempted |
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| 15 | 17 | | from sales and use taxes under Section 151.316(a)(3) or (4) is |
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| 16 | 18 | | entitled to an exemption from ad valorem taxation of the appraised |
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| 17 | 19 | | value of the tangible personal property if the property is held by |
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| 18 | 20 | | the owner for sale at retail. |
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| 19 | 21 | | SECTION 2. This Act applies only to ad valorem taxes imposed |
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| 20 | 22 | | for a tax year beginning on or after the effective date of this Act. |
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| 21 | 23 | | SECTION 3. This Act takes effect January 1, 2026, but only |
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| 22 | 24 | | if the constitutional amendment proposed by the 89th Legislature, |
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| 23 | 25 | | Regular Session, 2025, authorizing the legislature to exempt from |
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| 24 | 26 | | ad valorem taxation tangible personal property consisting of animal |
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| 25 | 27 | | feed held by the owner of the property for sale at retail is |
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| 26 | 28 | | approved by the voters. If that amendment is not approved by the |
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| 27 | 29 | | voters, this Act has no effect. |
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