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

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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

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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."