Relating to the exemption from ad valorem taxation of property of a charitable organization that provides financial support for medical care at certain institutions of higher education.

Added eligibility for retirement communities that provide independent living, assisted living, and nursing services on a single campus to qualify for tax exemptions.

Added eligibility for student housing cooperatives at institutions of higher education that meet specific governance and membership requirements.

Added eligibility for organizations acquiring and transferring unimproved real property through urban land bank demonstration programs and programs.

Added eligibility for providing housing and services to unaccompanied homeless individuals with disabilities who meet specific homelessness criteria.

Added eligibility for operating radio stations that broadcast educational programming and receive Corporation for Public Broadcasting grants.

Added eligibility for providing tax return preparation services and financial assistance to beneficiaries without regard to ability to pay.

Added eligibility for providing services related to child placement in foster or adoptive homes and adoption support services for pregnant women.

Added eligibility for providing financial support for medical care at institutions of higher education as defined in the Education Code.

Modified the list of charitable functions to include new categories while maintaining existing categories for medical care, orphan support, elderly care, disability services, and other traditional charitable functions.

Added effective date provision stating the Act takes effect January 1, 2026, and applies only to ad valorem tax years beginning on or after that date.