H.B. No. 22 amends the Texas Tax Code to clarify the status of intangible personal property in relation to ad valorem taxation. The bill specifies that intangible personal property is not taxable, removing previous language that included exceptions to this rule. Additionally, it modifies the role of the comptroller in appeals related to property valuation, eliminating references to specific types of appeals and streamlining the process.

The bill also repeals several sections of the Tax Code that previously addressed various aspects of intangible property taxation and related appeals. These changes will take effect on January 1, 2026, and will apply only to ad valorem tax years beginning on or after that date. The legislation was passed by both the House and Senate with significant support.

Statutes affected:
Introduced: Tax Code 11.02, Tax Code 42.05 (Tax Code 42, Tax Code 11)
House Committee Report: Tax Code 11.02, Tax Code 42.05 (Tax Code 42, Tax Code 11)
Engrossed: Tax Code 11.02, Tax Code 42.05 (Tax Code 42, Tax Code 11)
Senate Committee Report: Tax Code 11.02, Tax Code 42.05 (Tax Code 42, Tax Code 11)
Enrolled: Tax Code 11.02, Tax Code 42.05 (Tax Code 42, Tax Code 11)