Opinion No.

Honorable Grant Jones Chairman Senate Finance Committee Texas State Senate P.O. Box 12068 Austin, Texas 78711

Re: Exemption for biomedical research facilities under section 11.23(h) of the Property Tax Code

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 Constitution. You also ask whether an applicant for exemption from ad valorem taxation that satisfies the…