Relating to the exemption from ad valorem taxation of property owned by certain nonprofit corporations and used to promote agriculture, support youth, and provide educational support in the community.

HB 4580 would exempt property owned by qualifying nonprofits in Texas counties with 3.3 million or more residents from property taxes. Specifically, it applies to nonprofits organized exclusively for charitable, educational, or scientific purposes that use property to promote agriculture, support youth programs, or provide community educational services. The exemption covers all real and personal property held for these uses but does not extend to for-profit lessees' interests in such property. This change would take effect January 1, 2026, for eligible properties in designated populous counties.