Tex. Spec. Dist. Local Laws Code Section 3503.1541
Certain Property Exempt from Taxation

(a)

A leasehold or other possessory interest granted to a person by the authority or by a nonprofit corporation holding title for the authority is owned, used, and held for a public purpose for and on behalf of the authority and is exempt from taxation under Section 11.11 (Public Property), Tax Code.

(b)

Section 25.07 (Leasehold and Other Possessory Interests in Exempt Property)(a), Tax Code, does not apply to a leasehold or other possessory interest granted to a person by the authority or by a nonprofit corporation holding title for the authority during the period the authority or nonprofit corporation owns the estate or interest encumbered by the possessory interest.

Added by Acts 2019, 86th Leg., R.S., Ch. 333 (S.B. 579), Sec. 1, eff. January 1, 2020.

Source: Section 3503.1541 — Certain Property Exempt from Taxation, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3503.htm#3503.1541 (accessed Jun. 5, 2024).

3503.001
Definitions 3503.002
Nature of Authority 3503.003
Purposes of Authority 3503.004
Authority Territory 3503.005
Expansion of Territory 3503.006
Relation to Other Law 3503.007
Legislative Intent on Applicability of Other Laws 3503.008
Applicability of State Regulatory Authority 3503.009
Applicability of Open Government Laws 3503.051
General Duties 3503.052
Composition 3503.053
Term 3503.054
Vacancies 3503.055
Officers 3503.056
Recall 3503.057
Compensation 3503.058
Compensation 3503.059
Rules 3503.060
Conflict of Interest 3503.101
General Powers and Duties 3503.102
General Property Powers 3503.103
Water, Sewer, and Natural Gas Projects 3503.104
Waste Disposal 3503.105
Other Powers Related to Water 3503.106
Contracts 3503.107
Employees 3503.108
Limitation on Use of Eminent Domain 3503.109
Indemnity 3503.110
Assumed Name 3503.111
Nonprofit Corporations 3503.112
Nonprofit Corporations and Limited Liability Companies 3503.113
Powers and Authorities of Defense Base Development Authority 3503.151
Use of Revenue from Other Governmental Entities 3503.152
Fees for Use of Other Governmental Entities’ Utilities 3503.154
Exemption from Taxation 3503.155
No Taxing Power 3503.201
General Authority to Issue Bonds 3503.202
Revenue Bonds 3503.203
Approval by Attorney General 3503.204
Bonds for Water or Sewer Projects 3503.205
Obligations and Credit Agreements 3503.251
Power to Dissolve 3503.252
Assets to County 3503.1015
Additional Powers of Other Entities 3503.1541
Certain Property Exempt from Taxation

Accessed:
Jun. 5, 2024

§ 3503.1541’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_3503.1541

Original Source: Section 3503.1541 — Certain Property Exempt from Taxation, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3503.htm#3503.1541 (last accessed Jun. 5, 2024).