Texas § 3503.1541 CERTAIN PROPERTY EXEMPT FROM TAXATION.

Texas Statutes

§ 3503.1541 — CERTAIN PROPERTY EXEMPT FROM TAXATION.

Texas § 3503.1541

Code SDSpecial District Local Laws Code

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Bluebook

Tex. Special District Local Laws Code Code Ann. § 3503.1541 (2026).

Text

Sec. 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 , Tax Code.

(b)Section 25.07 (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.

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Sec. 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 , Tax Code.
(b) Section 25.07 (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.