Property that is exempt from taxation to the titleholder but is subject on January 1 to a contract of sale to a person not entitled to exemption shall be listed in the name of the purchaser.
Tex. Tax Code § 25.13
EXEMPT PROPERTY SUBJECT TO CONTRACT OF SALE
Known as the Property Tax Code
The act spans §§ 1.01 to 43.04 (594 sections).
Acts 1979, 66th Leg., p. 2273, ch. 841, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.