Exceptions: United States Citizens and Lawful Residents; Certain Entities Owned Or Controlled By United States Citizens Or Lawful Residents; Leasehold

Sec. 5.252. EXCEPTIONS: UNITED STATES CITIZENS AND LAWFUL RESIDENTS; CERTAIN ENTITIES OWNED OR CONTROLLED BY UNITED STATES CITIZENS OR LAWFUL RESIDENTS; LEASEHOLD. This subchapter does not apply to: (1) an individual who is a citizen or lawful permanent resident of the United States; (2) a company or organization that is owned by or under the control of: (A) one or more individuals described by Subdivision (1); and (B) no individual described by Section 5.253; or (3) a leasehold interest in land or improvements constructed on a leasehold if the duration of the interest is less than one year. Added by Acts 2025, 89th Leg., R.S., Ch. 956 (S.B. 17), Sec. 4, eff. September 1, 2025.