Bill Text: TX SJR87 | 2023-2024 | 88th Legislature | Comm Sub
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Proposing a constitutional amendment to authorize the legislature to exempt from ad valorem taxation equipment or inventory held by a manufacturer of medical or biomedical products to protect the Texas healthcare network and strengthen our medical supply chain.
Spectrum: Bipartisan Bill
Status: (Passed) 2023-05-19 - Filed with the Secretary of State [SJR87 Detail]
Download: Texas-2023-SJR87-Comm_Sub.html
Bill Title: Proposing a constitutional amendment to authorize the legislature to exempt from ad valorem taxation equipment or inventory held by a manufacturer of medical or biomedical products to protect the Texas healthcare network and strengthen our medical supply chain.
Spectrum: Bipartisan Bill
Status: (Passed) 2023-05-19 - Filed with the Secretary of State [SJR87 Detail]
Download: Texas-2023-SJR87-Comm_Sub.html
By: Huffman | S.J.R. No. 87 | |
(In the Senate - Filed March 10, 2023; March 13, 2023, read | ||
first time and referred to Committee on Finance; April 4, 2023, | ||
reported favorably by the following vote: Yeas 17, Nays 0; | ||
April 4, 2023, sent to printer.) | ||
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proposing a constitutional amendment to authorize the legislature | ||
to exempt from ad valorem taxation certain tangible personal | ||
property held by a manufacturer of medical or biomedical products | ||
as a finished good or used in the manufacturing or processing of | ||
medical or biomedical products. | ||
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Article VIII, Texas Constitution, is amended by | ||
adding Section 1-x to read as follows: | ||
Sec. 1-x. The legislature by general law may exempt from ad | ||
valorem taxation the tangible personal property held by a | ||
manufacturer of medical or biomedical products as a finished good | ||
or used in the manufacturing or processing of medical or biomedical | ||
products. | ||
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 certain tangible | ||
personal property held by a manufacturer of medical or biomedical | ||
products as a finished good or used in the manufacturing or | ||
processing of medical or biomedical products." | ||
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