Bill Text: TX SJR2 | 2023-2024 | 88th Legislature | Introduced

Texas Senate Joint Resolution 2 (Prior Session Legislation)

Introduced

Bill Title: Proposing a constitutional amendment to authorize the legislature to exempt from ad valorem taxation a portion of the market value of tangible personal property a person owns that is held or used for the production of income.

Spectrum: Slight Partisan Bill (Republican 17-8)

Status: (Introduced - Dead) 2023-03-15 - Left pending in committee [SJR2 Detail]

Download: Texas-2023-SJR2-Introduced.html

	88R16520 TJB-F

	By: Parker, et al.	S.J.R. No. 2



	A JOINT RESOLUTION
	proposing a constitutional amendment to authorize the legislature
	to exempt from ad valorem taxation a portion of the market value of
	tangible personal property a person owns that is held or used for
	the production of income.
	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 $25,000 of the market value of tangible personal
	property a person owns that is held or used for the production of
	income [~~and has a taxable value of less than 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 to authorize the
	legislature to exempt from ad valorem taxation a portion of the
	market value of tangible personal property a person owns that is
	held or used for the production of income."