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A JOINT RESOLUTION
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proposing a constitutional amendment authorizing the legislature |
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to exempt from ad valorem taxation by one or more political |
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subdivisions tangible personal property used by the owner of the |
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property to manufacture, process, or fabricate tangible personal |
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property for ultimate sale. |
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BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Article VIII, Texas Constitution, is amended by |
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adding Section 1-t to read as follows: |
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Sec. 1-t. (a) The legislature by general law may exempt |
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from ad valorem taxation by one or more political subdivisions |
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tangible personal property used by the owner of the property to |
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manufacture, process, or fabricate tangible personal property for |
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ultimate sale. |
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(b) The legislature by general law may provide additional |
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eligibility requirements for an exemption authorized by this |
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section. |
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SECTION 2. This proposed constitutional amendment shall be |
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submitted to the voters at an election to be held November 3, 2015. |
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The ballot shall be printed to permit voting for or against the |
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proposition: "The constitutional amendment authorizing the |
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legislature to exempt from ad valorem taxation by one or more |
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political subdivisions tangible personal property used by the owner |
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of the property to manufacture, process, or fabricate tangible |
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personal property for ultimate sale." |