Bill Text: TX HJR1 | 2025-2026 | 89th Legislature | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Proposing a constitutional amendment to authorize the legislature to exempt from ad valorem taxation a portion of the market value of tangible personal property a person owns that is held or used for the production of income.

Sponsorship: Moderate Partisan Bill (Republican 76-14)

Status: (Passed) 2025-05-20 - Filed with the Secretary of State [HJR1 Detail]

Download: Texas-2025-HJR1-Introduced.html

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89R14622 TJB-D
By: Meyer H.J.R. No. 1

A JOINT RESOLUTION
proposing a constitutional amendment to authorize the legislature
to exempt from ad valorem taxation a portion of the market value of
tangible personal property a person owns that is held or used for
the production of income.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 1(g), Article VIII, Texas Constitution,
is amended to read as follows:
(g) The Legislature by general law may exempt from ad
valorem taxation $250,000 of the market value of tangible personal
property a person owns that is held or used for the production of
income [and has a taxable value of less than the minimum amount
sufficient to recover the costs of the administration of the taxes
on the property, as determined by or under the general law granting
the exemption].
SECTION 2. The following temporary provision is added to
the Texas Constitution:
TEMPORARY PROVISION. (a) This temporary provision applies
to the constitutional amendment proposed by the 89th Legislature,
Regular Session, 2025, to authorize the legislature to exempt from
ad valorem taxation a portion of the market value of tangible
personal property a person owns that is held or used for the
production of income.
(b) The amendment to Section 1(g), Article VIII, of this
constitution takes effect for the tax year beginning January 1,
2025.
(c) This temporary provision expires January 1, 2027.
SECTION 3. This proposed constitutional amendment shall be
submitted to the voters at an election to be held November 4, 2025.
The ballot shall be printed to permit voting for or against the
proposition: "The constitutional amendment to authorize the
legislature to exempt from ad valorem taxation a portion of the
market value of tangible personal property a person owns that is
held or used for the production of income."