1. (a) As an alternative to filing an appeal under Section 42.015, a person leasing property who is contractually obligated to reimburse the property owner for taxes imposed on the property is entitled to appeal through binding arbitration under this chapter an appraisal review board order determining a protest concerning the appraised or market value of property if:

   1. (1) the protest was brought by:

      1. (A) the person under Section 41.413; or
      2. (B) the property owner if the property owner does not appeal the order; and
   2. (2) the appraised or market value, as applicable, of the property as determined by the order is $5 million or less.
2. (b) A person appealing an order of the appraisal review board under this section is considered the owner of the property for purposes of the appeal. The comptroller shall deliver a copy of any notice relating to the appeal to the owner of the property and to the person bringing the appeal.

Added by Acts 2025, 89th Leg., R.S., Ch. 386 (H.B. 1533), Sec. 9, eff. September 1, 2025.