Bill
HB 4240
Relating to the exemption from ad valorem taxation of property of a charitable organization that provides financial support for medical care at certain institutions of higher education.
89th Legislature (2025)
Introduced by Terri Leo-Wilson and 2 co-sponsors
HB 4240 exempts charitable organizations supporting medical care at certain Texas universities from property taxation, reducing local government revenue but supporting healthcare infrastructure.
Referred to Local Government
#charitable&nonprofitorganizations(i0055)
#education--higher--healthinstitutions(i0237)
#taxation--property-appraisals&appraisaldistricts(i0792)
#taxation--property-exemptions(i0793)