89R1622 LHC-D     By: Nichols S.B. No. 994       A BILL TO BE ENTITLED   AN ACT   relating to an exemption from ad valorem taxation of tangible   personal property consisting of animal feed held by the owner of the   property for sale at retail.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Subchapter B, Chapter 11, Tax Code, is amended by   adding Section 11.162 to read as follows:          Sec. 11.162.  ANIMAL FEED HELD FOR SALE AT RETAIL. The owner   of tangible personal property consisting of animal feed exempted   from sales and use taxes under Section 151.316(a)(3) or (4) is   entitled to an exemption from ad valorem taxation of the appraised   value of the tangible personal property if the property is held by   the owner for sale at retail.          SECTION 2.  This Act applies only to ad valorem taxes imposed   for a tax year beginning on or after the effective date of this Act.          SECTION 3.  This Act takes effect January 1, 2026, but only   if the constitutional amendment proposed by the 89th Legislature,   Regular Session, 2025, authorizing the legislature to exempt from   ad valorem taxation tangible personal property consisting of animal   feed held by the owner of the property for sale at retail is   approved by the voters.  If that amendment is not approved by the   voters, this Act has no effect.