Tex. Tax Code § 26.113
PRORATING TAXES--ACQUISITION BY NONPROFIT ORGANIZATION
Texas · Texas Tax Code · Status: effective
Cite this
- Citation
- Tex. Tax Code § 26.113, PRORATING TAXES--ACQUISITION BY NONPROFIT ORGANIZATION, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/574284
- Permanent ID
ys:prov:574284@1- SHA-256
a4e43b305609bff8469bd4fcf9f6a37fcf9c6c5115d119674a36d1c7f7035a2a
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) If a person acquires taxable property that qualifies for and is granted an exemption covered by Section 11.42(d) for a portion of the year in which the property was acquired, the amount of tax due on the property for that year is computed by multiplying the amount of taxes imposed on the property for the entire year as provided by Section 26.09 by a fraction, the denominator of which is 365 and the numerator of which is the number of days in that year before the date the property qualified for the exemption.
(b) If the exemption terminates during the year of acquisition, the tax due is computed by multiplying the taxes imposed for the entire year as provided by Section 26.09 by a fraction, the denominator of which is 365 and the numerator of which is the number of days the property does not qualify for the exemption.