Texas Appeals Court OKs Realtor Group's Property Tax Break

Law360, Dallas (April 18, 2013, 3:14 PM EDT) -- A Texas appeals court on Thursday rejected a constitutional challenge to a state law that exempts economic development organizations from paying property taxes, saying a Realtors group is entitled to a tax break because it provides a benefit to its community.

In a case of first impression, the Waco Court of Appeals said a law that gives tax breaks to nonprofit community business organizations that provide economic development services to local communities is constitutional because the groups are formed for a charitable purpose. The court rejected...
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