Texas Tax Code
§ 11.36 — MEDICAL OR BIOMEDICAL PROPERTY
TX § 11.36Title 1. PROPERTY TAX CODE · Part C. TAXABLE PROPERTY AND EXEMPTIONS · Ch. 11. TAXABLE PROPERTY AND EXEMPTIONS · Art. B. EXEMPTIONS
Statute text
View on source(a)In this section:
(1)"Medical or biomedical property" means tangible personal property that is:
(A)stored, used, or consumed in the manufacturing or processing of medical or biomedical products by a medical or biomedical manufacturer; or
(B)intended for use in the diagnosis, cure, mitigation, treatment, or prevention of a condition or disease or in medical or biomedical research, including the invention, development, and dissemination of materials, tools, technologies, processes, and similar means for translating and applying medical and scientific research for practical applications to advance public health, including:
(i)devices;
(ii)therapeutics;
…
Legislative history
Added by Acts 2023, 88th Leg., R.S., Ch. 364 (S.B. 2289), Sec. 1, eff. January 1, 2024.