Stocks and contracts, no local property tax. The exception is deleted.
The bill makes all intangible personal property, like stocks, contracts, and other non-physical assets, fully exempt from local property tax by deleting the exception that let some of it be taxed. It touches the businesses whose intangibles were still taxable under that exception, including transportation businesses, and the local taxing units that collected that tax. Starting with the 2026 tax year, those intangibles come off the rolls and the comptroller no longer hears appeals over allocating transportation business intangibles.
Labels
Labels: ACROSS THE AISLE. Joint authors: 3 Republicans, 2 Democrats. Party as the Legislative Reference Library lists it for the 89th Legislature.
relating to the exemption from ad valorem taxation of intangible
personal property.
WHAT IT DOES
Stocks and contracts, no local property tax. The exception is deleted.
The bill makes all intangible personal property, like stocks, contracts, and other non-physical assets, fully exempt from local property tax by deleting the exception that let some of it be taxed. It touches the businesses whose intangibles were still taxable under that exception, including transportation businesses, and the local taxing units that collected that tax. Starting with the 2026 tax year, those intangibles come off the rolls and the comptroller no longer hears appeals over allocating transportation business intangibles.
CHARGES
[ ] NONE FOUND
TOTAL
No significant fiscal implication to the State is anticipated.
Names were not printed for yea. Only the named positions are included in member records.
The journal row lists three votes in order: passage to third reading, suspension of the three-day rule, and final passage. This entry records final passage. Repeated tallies belong to separate votes.
Sources
HB 22 (A. Hinojosa) Relating to the exemption from ad valorem taxation of intangible personal property. (viva voce vote) (30-1) "Nay" Eckhardt (30-1) "Nay" Eckhardt
Published stock of positions for this vote, except where marked derived.
Yea: 30 (published)
Nay: 1 (published)
Present, not voting: Not printed
Absent: Not printed
Excused: Not printed
Senate journal. Source snapshot 2026-10-19, Central time.
Names were not printed for yea. Only the named positions are included in member records.
The journal row lists three votes in order: passage to third reading, suspension of the three-day rule, and final passage. This entry records suspension of the three-day rule. Repeated tallies belong to separate votes.
Sources
HB 22 (A. Hinojosa) Relating to the exemption from ad valorem taxation of intangible personal property. (viva voce vote) (30-1) "Nay" Eckhardt (30-1) "Nay" Eckhardt
Published stock of positions for this vote, except where marked derived.
Yea: 30 (published)
Nay: 1 (published)
Present, not voting: Not printed
Absent: Not printed
Excused: Not printed
Senate journal. Source snapshot 2026-10-19, Central time.
Names were not printed. No individual positions are inferred.
The journal row lists three votes in order: passage to third reading, suspension of the three-day rule, and final passage. This entry records passage to third reading. Repeated tallies belong to separate votes.
Voice vote. No numeric tally or individual yeas are inferred.
Sources
HB 22 (A. Hinojosa) Relating to the exemption from ad valorem taxation of intangible personal property. (viva voce vote) (30-1) "Nay" Eckhardt (30-1) "Nay" Eckhardt
Published stock of positions for this vote, except where marked derived.
Yea: Not printed
Nay: Not printed
Present, not voting: Not printed
Absent: Not printed
Excused: Not printed
Senate journal. Source snapshot 2026-10-19, Central time.
89R13043 JBD-F
By: Noble
H.B. No. 22
A BILL TO BE ENTITLED
AN ACT
relating to the exemption from ad valorem taxation of intangible
personal property.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 11.02(a), Tax Code, is amended to read as
follows:
(a) Intangible [ Except as provided by Subsection (b) of this
section, intangible ] personal property is not taxable.
SECTION 2. Section 42.05, Tax Code, is amended to read as
follows:
Sec. 42.05. COMPTROLLER AS PARTY. The comptroller is an
opposing party in an appeal by[ :
[ (1) a property owner of an order of the comptroller
determining a protest of the appraisal, interstate allocation, or
intrastate apportionment of transportation business intangibles;
or
[ (2) ] a county or a property owner of an order of the
comptroller apportioning among the counties the appraised value of
railroad rolling stock.
SECTION 3. The following provisions of the Tax Code are
repealed:
(1) Sections 11.02(b) and (c);
(2) Section 21.06;
(3) Section 21.07;
(4) Section 21.08;
(5) Section 23.15; and
(6) Section 23.16.
SECTION 4. The changes in law made by this Act apply only to
an ad valorem tax year that begins on or after the effective date of
this Act.
SECTION 5. This Act takes effect January 1, 2026.
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