H.B. No. 1399 introduces a new exemption from ad valorem taxation for tangible personal property consisting of animal feed that is held for sale at retail. The bill adds Section 11.162 to Subchapter B, Chapter 11 of the Tax Code, which states that owners of such property, who are already exempt from sales and use taxes under specific provisions, will also be entitled to an exemption from ad valorem taxation based on the appraised value of the animal feed they hold for retail sale.

The implementation of this exemption is contingent upon the approval of a constitutional amendment proposed by the 89th Legislature in 2025, which must be approved by voters. If the amendment is not approved, the provisions of this Act will have no effect. The Act is set to take effect on January 1, 2026, if the amendment is approved.

Statutes affected:
Introduced: ()
House Committee Report: ()
Engrossed: ()
Senate Committee Report: ()
Enrolled: ()