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 sections, will also be entitled to an exemption from ad valorem taxation based on the appraised value of the animal feed.

The act is set to take effect on January 1, 2026, contingent upon the approval of a constitutional amendment proposed by the 89th Legislature, which would authorize the legislature to grant this exemption. If the amendment is not approved by voters, the act will have no effect. This legislation aims to provide financial relief to retailers dealing in animal feed by alleviating their tax burden.

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