Relating to the exemption from ad valorem taxation of property owned by certain nonprofit corporations and used to promote agriculture, support youth, and provide educational support in the community.

SB 2973 creates a new property tax exemption for nonprofits in Texas counties with 3.3 million or more residents (like Harris County). It exempts all real and personal property owned by qualifying nonprofits - those organized exclusively for charitable, educational, or scientific purposes - when used to promote agriculture, support youth, or provide community educational programs. The exemption allows incidental uses (such as limited rentals) if the revenue benefits the nonprofit, but explicitly excludes for-profit leases of such property. This change applies only to property used for the specified community purposes, not general nonprofit activities. The bill takes effect January 1, 2026.