The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Leonore Heavey.
DIGEST
SB 179 Original 2018 Regular Session Walsworth
Present constitution provides the exclusive list of exemptions from ad valorem taxation.
Proposed constitutional amendment adds a new exemption that authorizes local ad valorem taxing
authorities to enter into agreements with owners of property that will be used or is being used for
manufacturing, industrial, or commercial purposes that will provide the taxing authority with a
stipulated ad valorem tax payment in lieu of any other ad valorem tax that would otherwise be due
on the property.
Proposed constitutional amendment provides that these agreements for stipulated tax payments
cannot have a term of greater than 40 years.
Specifies submission of the amendment to the voters at the statewide election to be held on
November 6, 2018.
(Adds Const. Art. VII, Sec. 21(O))