Property:
Texas: Deadline to Apply for New Medical or Biomedical Property Tax Exemption is April 30
H.B. 2289, signed by gov. 6/2/23. Pursuant to legislation enacted in 2023, an exemption from Texas property taxation on certain medical or biomedical property may be available to those persons owning or leasing such property within a medical or biomedical manufacturing facility beginning as of January 1, 2024. Examples of qualifying tangible personal property under this exemption potentially may include medical devices, instruments, tools, pharmaceuticals, therapeutics, personal protective equipment, and manufacturing inventories. Qualifying taxpayers have until April 30 to claim this exemption for the current tax year. Please contact us with any questions.
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