Relating to the exemption from ad valorem taxation of property of certain charitable organizations that provide housing on a cooperative basis.

HB 4750 amends Texas Tax Code Section 11.18(d) to expand property tax exemptions for charitable organizations. It specifically allows organizations providing housing through cooperative models to qualify for exemption if they meet other charitable purpose requirements (like serving seniors or low-income residents without regard to ability to pay). The bill adds cooperative housing as a qualifying charitable function under existing tax exemption criteria. This change directly affects nonprofit housing cooperatives that provide permanent, affordable housing for vulnerable populations. The amendment does not create new exemptions but clarifies that cooperative housing organizations can qualify under current tax law.