Opinion No.

The Honorable Mike Jackson Chair, Committee on Economic Development Texas State Senate Post Office Box 12068 Austin, Texas 78711-2068

Re: Whether a local board of realtors is a "nonprofit community business organization" for purposes of section 11.231 of the Tax Code (RQ-0970-GA)

Dear Senator Jackson:

You ask whether local boards of realtors qualify for the property tax exemption the Legislature created in section 11.231, Texas Tax Code.1 Added in the Eighty-first Legislature, section 11.231 provides a property tax exemption for "nonprofit community business organizations." TEX. TAX CODE ANN. §…