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Texas Local Government Code - LOC GOV'T § 379A.053. Nature of Corporate Property

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) The legislature finds for all constitutional and statutory purposes that the corporation owns, uses, and holds its property for public purposes.

(b) Section 25.07(a), Tax Code, does not apply to a leasehold or other possessory interest granted by the corporation.

(c) Property owned by the corporation is exempt from taxation under Section 11.11, Tax Code, while the corporation owns the property.

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Cite this article: FindLaw.com - Texas Local Government Code - LOC GOV'T § 379A.053. Nature of Corporate Property - last updated January 01, 2024 | https://codes.findlaw.com/tx/local-government-code/loc-gov-t-sect-379a-053/

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