Bill Text: TX HJR101 | 2023-2024 | 88th Legislature | Introduced


Bill Title: Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation income-producing tangible personal property having a value of less than a certain amount.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2023-03-03 - Referred to Ways & Means [HJR101 Detail]

Download: Texas-2023-HJR101-Introduced.html
  88R6635 TJB-D
 
  By: Rogers H.J.R. No. 101
 
 
 
A JOINT RESOLUTION
  proposing a constitutional amendment authorizing the legislature
  to exempt from ad valorem taxation income-producing tangible
  personal property having a value of less than a certain amount.
         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 tangible personal property that is held or used
  for the production of income and that has a taxable value of less
  than $100,000 [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.  This proposed constitutional amendment shall be
  submitted to the voters at an election to be held November 7, 2023.
  The ballot shall be printed to permit voting for or against the
  proposition: "The constitutional amendment authorizing the
  legislature to exempt from ad valorem taxation income-producing
  tangible personal property having a value of less than $100,000."
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