Bill Text: TX HJR96 | 2017-2018 | 85th Legislature | Introduced

Texas House Joint Resolution 96 (Prior Session Legislation)

Introduced

Bill Title: Proposing a constitutional amendment authorizing the legislature to permit one or more political subdivisions of this state to exempt from ad valorem taxation a person's inventory held for sale at retail.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2017-03-20 - Referred to Ways & Means [HJR96 Detail]

Download: Texas-2017-HJR96-Introduced.html

	85R6788 TJB-D

	By: Button	H.J.R. No. 96



	A JOINT RESOLUTION
	proposing a constitutional amendment authorizing the legislature
	to permit one or more political subdivisions of this state to exempt
	from ad valorem taxation a person's inventory held for sale at
	retail.
	BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1. Section 1(d), Article VIII, Texas Constitution,
	is amended to read as follows:
	(d) The Legislature by general law shall exempt from ad
	valorem taxation household goods not held or used for the
	production of income and personal effects not held or used for the
	production of income. The Legislature by general law may exempt
	from ad valorem taxation:
	(1) all or part of the personal property homestead of a
	family or single adult, "personal property homestead" meaning that
	personal property exempt by law from forced sale for debt;
	(2) subject to Subsections (e) and (g) of this section
	and except as provided by Section 1-u of this article, all other
	tangible personal property, except structures which are
	substantially affixed to real estate and are used or occupied as
	residential dwellings and except property held or used for the
	production of income;
	(3) subject to Subsection (e) of this section, a
	leased motor vehicle that is not held primarily for the production
	of income by the lessee and that otherwise qualifies under general
	law for exemption; and
	(4) one motor vehicle, as defined by general law,
	owned by an individual that is used in the course of the
	individual's occupation or profession and is also used for personal
	activities of the owner that do not involve the production of
	income.
	SECTION 2. Article VIII, Texas Constitution, is amended by
	adding Section 1-u to read as follows:
	Sec. 1-u. The legislature by general law may authorize the
	governing body of one or more political subdivisions of this state
	to exempt from ad valorem taxation a person's inventory held for
	sale at retail, as defined by general law.
	SECTION 3. This proposed constitutional amendment shall be
	submitted to the voters at an election to be held November 7, 2017.
	The ballot shall be printed to permit voting for or against the
	proposition: "The constitutional amendment authorizing the
	legislature to permit one or more political subdivisions of this
	state to exempt from ad valorem taxation a person's inventory held
	for sale at retail."