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SB 2260 Texas Senate · 89th Legislature (2025)

Relating to the disclosure and posting of certain information regarding multifamily residential developments that receive certain tax exemptions and the eligibility of those developments to receive those exemptions.

SB 2260 requires developers of multifamily residential developments receiving specific tax exemptions (under Texas Local Government Code sections 303.042, 392.005, or 394.905) to annually disclose detailed information by April 30. This includes development addresses, owner details, unit counts, appraised values, tax exemption amounts, and affordability data like income-restricted unit breakdowns and housing voucher participation. The disclosures must be submitted to the county appraisal district via certified mail. The bill directly affects developers of tax-exempt multifamily housing by mandating transparency about their properties' financial and tenant characteristics.
Issues: ✓ Budget & TaxesSupports Budget & TaxesRequires disclosure to verify tax exemption eligibility, preventing misuse of exemptions and protecting public funds - aligns with closing tax loopholes.85% confidence ✓ HousingSupports HousingMandates disclosure of affordability data (income-restricted units, housing vouchers) for tax-exempt multifamily developments, promoting transparency in affordable housing compliance.90% confidence
Bill status passed 3 of 5 stages cleared
Introduction
Mar 2025
Committee Review
May 2025
Senate Passage
May 2025
House Passage
Governor
Introduced Mar 11, 2025 Last action May 14, 2025
Maddy AI version diff · 1 comparison

What changed between versions

Introduced → Engrossed · 6 edits · May 12, 2025
MODERATE
This bill replaces an old version that required reports on multifamily developments with a new version that adds mandatory disclosure requirements for developments receiving tax exemptions. The new version ties tax exemption eligibility to timely submission of detailed development information, including owner details, unit counts, affordability data, and tax exemption amounts. It also establishes a public database and reporting requirements to ensure transparency.
Scope change
The bill's scope expanded from requiring basic reports on developments receiving financial assistance or tax credits to requiring comprehensive disclosures for any multifamily development receiving specific tax exemptions. The new version adds eligibility conditions for tax exemptions that require timely disclosure submission.
REQUIREMENT

Added mandatory disclosure requirements for multifamily developments receiving tax exemptions under Sections 303.042, 392.005, and 394.905 of the Local Government Code.

Added requirement that owners submit detailed development information including owner names, unit counts, affordability data, and tax exemption amounts by April 30 each year.

Added requirement to post compiled development data on the Texas Open Data Portal for public access.

ELIGIBILITY

Modified tax exemption eligibility to require timely submission of disclosures as a condition for receiving exemptions under multiple Local Government Code sections.

ENFORCEMENT

Added enforcement mechanism requiring appraisal districts to review disclosures and notify the department of non-compliant owners.

TIMELINE

Modified effective dates with first disclosure due April 30, 2026 and first legislative report due December 1, 2026.

Floor votes · Senate May 12, 2025

How they voted

26–3
Passed · 1 other
Total votes 30
May 12, 2025
D Democratic10
9 Yea 1
90% Yea
R Republican20
17 Yea 3 Nay
85% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
28
Key actions
8
Committee
7
Amendments
3
May 14, 2025
Committee
Referred to Intergovernmental Affairs
lower
May 14, 2025
Introduced
Read first time
lower
May 12, 2025
Introduced
Received from the Senate
lower
May 12, 2025
Upper · Passed
Passed
upper
May 12, 2025
Upper · Passed
Passed to engrossment as amended
upper
May 12, 2025
Upper · Passed
Amended
upper
May 12, 2025
Introduced
Amendment(s) offered
upper
May 8, 2025
Upper · Passed
Committee report printed and distributed
upper
May 8, 2025
Upper · Passed
Reported favorably as substituted
upper
May 6, 2025
Upper · Passed
Vote taken in committee
upper
Apr 7, 2025
Upper · Passed
Left pending in committee
upper
Apr 7, 2025
Upper · Passed
Testimony taken in committee
upper
Mar 25, 2025
Committee
Referred to Local Government
upper
Mar 25, 2025
Introduced
Read first time
upper
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.