Bill Text: TX SJR57 | 2021-2022 | 87th Legislature | Introduced


Bill Title: Proposing a constitutional amendment to extend the number of days that certain tangible personal property that is exempt from ad valorem taxation due to its location in this state for a temporary period may be located in this state for the purpose of qualifying for the tax exemption.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2021-03-18 - Referred to Finance [SJR57 Detail]

Download: Texas-2021-SJR57-Introduced.html
  87R856 TJB-D
 
  By: Bettencourt S.J.R. No. 57
 
 
 
A JOINT RESOLUTION
  proposing a constitutional amendment to extend the number of days
  that certain tangible personal property that is exempt from ad
  valorem taxation due to its location in this state for a temporary
  period may be located in this state for the purpose of qualifying
  for the tax exemption.
         BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 1-j(a), Article VIII, Texas
  Constitution, is amended to read as follows:
         (a)  To promote economic development in the State, goods,
  wares, merchandise, other tangible personal property, and ores,
  other than oil, natural gas, and other petroleum products, are
  exempt from ad valorem taxation by a political subdivision of this
  State if:
               (1)  the property is acquired in or imported into this
  State to be forwarded outside this State, whether or not the
  intention to forward the property outside this State is formed or
  the destination to which the property is forwarded is specified
  when the property is acquired in or imported into this State;
               (2)  the property is detained in this State for
  assembling, storing, manufacturing, processing, or fabricating
  purposes by the person who acquired or imported the property; and
               (3)  the property is transported outside of this State
  not later than:
                     (A)  365 [175] days after the date the person
  acquired or imported the property in this State; or
                     (B)  if applicable, a later date established by
  the governing body of the political subdivision under Subsection
  (d) of 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 87th Legislature,
  Regular Session, 2021, to extend the number of days that certain
  tangible personal property that is exempt from ad valorem taxation
  due to its location in this state for a temporary period may be
  located in this state for the purpose of qualifying for the tax
  exemption.
         (b)  The amendment to Section 1-j, Article VIII, of this
  constitution takes effect January 1, 2022, and applies only to a tax
  year that begins on or after that date.
         (c)  This temporary provision expires January 1, 2023.
         SECTION 3.  This proposed constitutional amendment shall be
  submitted to the voters at an election to be held November 2, 2021.
  The ballot shall be printed to permit voting for or against the
  proposition: "The constitutional amendment to extend the number of
  days that certain tangible personal property that is exempt from ad
  valorem taxation due to its location in this state for a temporary
  period may be located in this state for the purpose of qualifying
  for the tax exemption."
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