Texas Tax Code

§ 11.145 — INCOME-PRODUCING TANGIBLE PERSONAL PROPERTY

TX § 11.145Title 1. PROPERTY TAX CODE · Part C. TAXABLE PROPERTY AND EXEMPTIONS · Ch. 11. TAXABLE PROPERTY AND EXEMPTIONS · Art. B. EXEMPTIONS

Statute text

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(a)In this section:

(1)"Related business entity" means a business entity that:

(A)engages in a common business enterprise with at least one other business entity; and

(B)owns tangible personal property that:

(i)is held or used for the production of income as part of the common business enterprise; and

(ii)is located at the same physical address that tangible personal property owned by at least one other business entity engaged in the common business enterprise is located.

…

Legislative history

Acts 2021, 87th Leg., R.S., Ch. 400 (S.B. 1449), Sec. 1, eff. January 1, 2022. Acts 2021, 87th Leg., R.S., Ch. 400 (S.B. 1449), Sec. 2, eff. January 1, 2022. Acts 2025, 89th Leg., R.S., Ch. 334 (H.B. 9), Sec. 1, eff. January 1, 2026.