2025 Texas sessionsRegular and both called sessions have ended. This index covers House and Senate bills, not resolutions. Statuses come from official reports.

2025 · Regular session · House bill

HB22

HB22 makes all intangible personal property exempt from Texas property tax starting with the 2026 tax year.

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Official caption: Relating to the exemption from ad valorem taxation of intangible personal property.

Signed by governorSource-checked explanation published

Official report lists House author(s): Noble, Meyer, Capriglione, Martinez Fischer, Turner. This does not identify sponsors or amendment drafters.

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Bill explanation published · Version and amendment review scope is stated below · Individual amendment records may not be separately annotated.

Bill highlights

Selected points from the published explanation. Follow each point to its source-linked context; conditions and limits may matter.

HB22 makes all intangible personal property exempt from Texas property tax starting with the 2026 tax year.
“Intangible” means a valuable right, claim or interest rather than a physical thing—for example, a stock, bond, account receivable, bank deposit, contract or goodwill.
The old Tax Code 11.02 exception referred to certain insurance-company and savings-and-loan property, with jurisdiction based on residence or business use.
For court appeals, HB22 removes the provision making the comptroller the opposing party in disputes over transportation-business intangibles.

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What does it do?

HB22 makes all intangible personal property exempt from Texas property tax starting with the 2026 tax year. Most such property was already exempt; the law removes the remaining exception and related appraisal rules. It is not a new exemption for land, buildings, machinery or other tangible business property. Final law; history.

“Intangible” means a valuable right, claim or interest rather than a physical thing—for example, a stock, bond, account receivable, bank deposit, contract or goodwill. These examples come from Tax Code 1.04(6); they do not turn physical assets into intangible ones. Tax Code definitions.

The old Tax Code 11.02 exception referred to certain insurance-company and savings-and-loan property, with jurisdiction based on residence or business use. HB22 deletes that exception and the accompanying jurisdiction provision. It also repeals rules determining where intangible property is taxable and special allocation/appraisal rules for transportation businesses, insurance companies and savings-and-loan associations: Tax Code 21.06–21.08 and 23.15–23.16. These repeals remove provisions for a property category the law now makes nontaxable; they do not exempt the companies’ real estate or physical equipment. Sections 1 and 3.

For court appeals, HB22 removes the provision making the comptroller the opposing party in disputes over transportation-business intangibles. It retains the comptroller’s opposing-party role in appeals over how railroad rolling-stock value is divided among counties. The changes apply only to property-tax years beginning on or after January 1, 2026; this is not a retroactive cancellation of earlier tax years. Sections 2, 4 and 5.

What changed along the way?

The official amendment index says the bill has no amendments. The introduced, House committee, engrossed, Senate committee and enrolled versions were compared: their five substantive sections are unchanged. The differences are headings, committee information and final passage certifications, not new policy. There was no committee substitute or conference compromise to describe as a floor amendment. Amendment index; all text versions.

For the full amendment record, open the official amendment index.

Official bill versions

Compare the published text versions in the official text index. A change is not attributed to a specific amendment here without a verified record.

Who could benefit—and who could bear the costs?

Owners of intangible assets still subject to the old exception gain a complete property-tax exemption for those assets. Appraisal districts and affected businesses no longer need the repealed intangible-property appraisal and allocation machinery for 2026 onward. Most owners receive no new tax saving because their intangible property was already exempt. This law does not promise a household a lower real-estate tax bill or eliminate other kinds of tax.

The Legislative Budget Board’s April 26, 2025 fiscal note anticipated no significant state or local-government fiscal impact. Preliminary 2024 appraisal-district data supplied to the comptroller contained just one intangible-property record with $142,450 in taxable value. That is the value of the reported property, not $142,450 in tax revenue or a promised tax saving. The note expected implementation costs to be insignificant; it did not supply a dollar estimate of the tax revenue forgone. The March 2 introduced-bill note gave the same assessment. Latest fiscal note; introduced fiscal note.

Review boundary: All five enacted sections, all five versions, the no-amendment index, both listed fiscal notes and the pre-2026 repealed provisions were checked. This explains the change in law, not an individual property’s classification or a guarantee that preliminary appraisal data captured every potentially affected asset.

Official sources

Catalog report retrieved 2026-10-25. Check the official record for corrections or later changes.