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A JOINT RESOLUTION
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proposing a constitutional amendment to extend the number of days |
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that certain tangible personal property that is exempt from ad |
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valorem taxation due to its location in this state for a temporary |
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period may be located in this state for the purpose of qualifying |
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for the tax exemption. |
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BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 1-j(a), Article VIII, Texas |
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Constitution, is amended to read as follows: |
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(a) To promote economic development in the State, goods, |
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wares, merchandise, other tangible personal property, and ores, |
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other than oil, natural gas, and other petroleum products, are |
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exempt from ad valorem taxation by a political subdivision of this |
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State if: |
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(1) the property is acquired in or imported into this |
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State to be forwarded outside this State, whether or not the |
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intention to forward the property outside this State is formed or |
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the destination to which the property is forwarded is specified |
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when the property is acquired in or imported into this State; |
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(2) the property is detained in this State for |
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assembling, storing, manufacturing, processing, or fabricating |
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purposes by the person who acquired or imported the property; and |
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(3) the property is transported outside of this State |
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not later than: |
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(A) 365 [175] days after the date the person |
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acquired or imported the property in this State; or |
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(B) if applicable, a later date established by |
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the governing body of the political subdivision under Subsection |
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(d) of this section. |
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SECTION 2. The following temporary provision is added to |
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the Texas Constitution: |
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TEMPORARY PROVISION. (a) This temporary provision applies |
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to the constitutional amendment proposed by the 87th Legislature, |
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Regular Session, 2021, to extend the number of days that certain |
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tangible personal property that is exempt from ad valorem taxation |
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due to its location in this state for a temporary period may be |
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located in this state for the purpose of qualifying for the tax |
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exemption. |
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(b) The amendment to Section 1-j, Article VIII, of this |
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constitution takes effect January 1, 2022, and applies only to a tax |
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year that begins on or after that date. |
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(c) This temporary provision expires January 1, 2023. |
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SECTION 3. This proposed constitutional amendment shall be |
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submitted to the voters at an election to be held November 2, 2021. |
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The ballot shall be printed to permit voting for or against the |
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proposition: "The constitutional amendment to extend the number of |
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days that certain tangible personal property that is exempt from ad |
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valorem taxation due to its location in this state for a temporary |
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period may be located in this state for the purpose of qualifying |
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for the tax exemption." |