Texas 2025 - 89th Regular

Texas House Bill HB255 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1		-	89R16787 MLH-D
2		-	By: Guillen, et al. H.B. No. 255
3		-	Substitute the following for H.B. No. 255:
4		-	By: Vasut C.S.H.B. No. 255
	1	+	89R26 MLH-F
	2	+	By: Guillen H.B. No. 255
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9	7		A BILL TO BE ENTITLED
10	8		AN ACT
11	9		relating to the definitions of certain terms for purposes of the
12	10		exemption from ad valorem taxation of farm products in the hands of
13	11		the producer.
14	12		BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
15	13		SECTION 1. Section 11.16(c), Tax Code, is amended to read as
16	14		follows:
17	15		(c) For purposes of this exemption, the following
18	16		definitions apply:
19	17		(1) "Farm products" has the meaning assigned by
20	18		Section 9.102, Business & Commerce Code, except that the term
21		-	includes [include livestock,] poultry, ~~eggs,~~ and timber, including
	19	+	includes [include livestock,] poultry[,] and timber, including
22	20		standing timber.
23	21		(2) "In the hands of the producer[,]" means:
24	22		(A) for farm products other than timber,
25	23		[livestock, poultry, and eggs, means] under the ownership of the
26	24		person who is using or financially providing for the physical
27	25		requirements of such farm products [livestock, poultry, and eggs]
28	26		on January 1 of the tax year; and
29	27		(B) [,] for timber, [means] standing timber or
30	28		timber that has been harvested and, on January 1 of the tax year, is
31	29		located on the real property on which it was produced and is under
32	30		the ownership of the person who owned the timber when it was
33	31		standing.
34	32		SECTION 2. This Act applies only to a tax year beginning on
35	33		or after January 1, 2026.
36	34		SECTION 3. This Act takes effect January 1, 2026, but only
37	35		if the constitutional amendment proposed by the 89th Legislature,
38	36		Regular Session, 2025, authorizing the legislature to define
39	37		certain terms for purposes of the exemption from ad valorem
40	38		taxation of farm products in the hands of the producer is approved
41	39		by the voters. If that amendment is not approved by the voters,
42	40		this Act has no effect.