HB 22

H.B. No. 22
  AN ACT
  relating to the exemption from ad valorem taxation of intangible
  personal property.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 11.02(a), Tax Code, is amended to read as
  follows:
         (a)  Intangible [Except as provided by Subsection (b) of this
  section, intangible] personal property is not taxable.
         SECTION 2.  Section 42.05, Tax Code, is amended to read as
  follows:
         Sec. 42.05.  COMPTROLLER AS PARTY.  The comptroller is an
  opposing party in an appeal by[:
               [(1)  a property owner of an order of the comptroller
  determining a protest of the appraisal, interstate allocation, or
  intrastate apportionment of transportation business intangibles;
  or
               [(2)]  a county or a property owner of an order of the
  comptroller apportioning among the counties the appraised value of
  railroad rolling stock.
         SECTION 3.  The following provisions of the Tax Code are
  repealed:
               (1)  Sections 11.02(b) and (c);
               (2)  Section 21.06;
               (3)  Section 21.07;
               (4)  Section 21.08;
               (5)  Section 23.15; and
               (6)  Section 23.16.
         SECTION 4.  The changes in law made by this Act apply only to
  an ad valorem tax year that begins on or after the effective date of
  this Act.
         SECTION 5.  This Act takes effect January 1, 2026.
  ______________________________
  ______________________________
     President of the Senate
  Speaker of the House     
         I certify that H.B. No. 22 was passed by the House on April 3,
  2025, by the following vote:  Yeas 133, Nays 10, 1 present, not
  voting.
  ______________________________
  Chief Clerk of the House   
         I certify that H.B. No. 22 was passed by the Senate on May 9,
  2025, by the following vote:  Yeas 30, Nays 1.
  ______________________________
  Secretary of the Senate    
  APPROVED:  _____________________
                     Date          
            _____________________
                   Governor