Relating to the exemption from ad valorem taxation of real property owned by certain charitable organizations.

SB 773 expands property tax exemptions for qualified charitable organizations in Texas by broadening existing exemptions under the Tax Code. It directly affects charities meeting specific criteria by exempting: (1) buildings and property used exclusively by them; (2) land and incomplete construction projects designed for their use; and (3) certain mineral rights held by qualifying charities. The bill takes effect September 1, 2025, applying only to tax years beginning after that date. This change modifies current tax law to include additional property types under existing charitable exemption rules.