Bill Text: TX HJR69 | 2019-2020 | 86th Legislature | Introduced
Bill Title: Proposing a constitutional amendment authorizing a local option exemption from ad valorem taxation by a county, municipality, or junior college district of a portion of the market value of income-producing tangible personal property owned by a veteran-owned business during the business's initial period of operation in this state.
Sponsorship: Partisan Bill (Republican 1)
Status: (Introduced - Dead) 2019-02-27 - Referred to Ways & Means [HJR69 Detail]
Download: Texas-2019-HJR69-Introduced.html
| 86R2295 SMT-D | ||
| By: Lambert | H.J.R. No. 69 | |
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| proposing a constitutional amendment authorizing a local option | ||
| exemption from ad valorem taxation by a county, municipality, or | ||
| junior college district of a portion of the market value of | ||
| income-producing tangible personal property owned by a | ||
| veteran-owned business during the business's initial period of | ||
| operation in this state. | ||
| BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Article VIII, Texas Constitution, is amended by | ||
| adding Section 1-x to read as follows: | ||
| Sec. 1-x. (a) The governing body of a county, municipality, | ||
| or junior college district by official action may exempt from ad | ||
| valorem taxation a portion of the market value of the | ||
| income-producing tangible personal property owned by a | ||
| veteran-owned business and used in the operation of the business | ||
| during the first five years that the business operates in this | ||
| state. As an alternative, on receipt of a petition signed by at | ||
| least five percent of the number of qualified voters who voted in | ||
| the most recent election in the county, municipality, or junior | ||
| college district, as applicable, the governing body shall call an | ||
| election to determine by majority vote whether to adopt the | ||
| exemption authorized by this section. The amount of the exemption | ||
| authorized by this section may not exceed $30,000 of the market | ||
| value. | ||
| (b) The legislature by general law may define | ||
| "veteran-owned business" for purposes of this section and may | ||
| provide additional eligibility requirements for the exemption | ||
| authorized by this section. | ||
| 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 86th Legislature, | ||
| Regular Session, 2019, authorizing a local option exemption from ad | ||
| valorem taxation by a county, municipality, or junior college | ||
| district of a portion of the market value of income-producing | ||
| tangible personal property owned by a veteran-owned business during | ||
| the business's initial period of operation in this state. | ||
| (b) Section 1-x, Article VIII, of this constitution takes | ||
| effect January 1, 2020, and applies only to a tax year beginning on | ||
| or after that date. | ||
| (c) This temporary provision expires January 1, 2021. | ||
| SECTION 3. This proposed constitutional amendment shall be | ||
| submitted to the voters at an election to be held November 5, 2019. | ||
| The ballot shall be printed to provide for voting for or against the | ||
| proposition: "The constitutional amendment authorizing a local | ||
| option exemption from ad valorem taxation by a county, | ||
| municipality, or junior college district of a portion of the market | ||
| value of the income-producing tangible personal property owned by a | ||
| veteran-owned business during the business's initial period of | ||
| operation in this state." | ||
