Untitled Texas Attorney General Opinion

April 21, 1987 Eonorable Grant Jones Opinion No..Jk-682 ChdISl8U SallateFinance Cdttee Be: Exemption for biomedical re- Texas State Senate search facilities under section P. 0. Box 12068 11.23(h) of the Property Tax Code Austin, Texas 78711 Dear Senator Jones: Under a set of facts that you have submitted, you ask three questions regarding whether the Southwest Foundation for Biomedical Research [hereinafter the foundation] is entitled to exemption from ad valorem taxation under the Property Tax Code and the Texas Consti- tution. You also ask whether an applicant for exemption from ad valorem…