Proposing a constitutional amendment authorizing the legislature to define certain terms for purposes of the exemption from ad valorem taxation of farm products in the hands of the producer.
Impact
If passed, HJR31 would significantly impact how farm-related goods are assessed for tax purposes in Texas. By enabling the legislature to define terms like 'farm products,' the resolution aims to clarify exemptions that could lead to enhanced financial support for agricultural producers. This move could result in a more uniform application of tax laws applicable to farm operations, potentially benefitting a wide array of stakeholders involved in agriculture and farming throughout the state.
Summary
HJR31 is a joint resolution proposing a constitutional amendment that aims to allow the Texas Legislature to define specific terms related to the ad valorem taxation exemption for farm products held by producers. The amendment targets the exemption status for items categorized as farm products, aiming particularly to clarify what constitutes 'farm products' and 'in the hands of the producer.' This legislative change seeks to update the existing provisions found in Section 19 of Article VIII of the Texas Constitution, ensuring that such definitions remain relevant to current agricultural practices.
Sentiment
The general sentiment around HJR31 appears to lean towards support among agricultural groups and producers who view it as a necessary step for modernizing tax regulations in line with contemporary agricultural practices. However, there may also be concerns among some tax policy analysts who fear changes to tax exemptions could lead to inconsistent applications or unintended consequences affecting local taxation revenues.
Contention
While there is broad support for the intention behind HJR31, notable points of contention may arise concerning how the definitions set forth by the legislature could impact existing farm operations and local taxation policies. Critics may argue that giving the legislature broad power to define these terms could lead to modifications that may not necessarily support all agricultural producers equally, potentially favoring some sectors over others. The discussions surrounding HJR31 would inevitably address these nuances, highlighting the need for careful consideration of both agricultural necessities and state revenue implications.
Enabled by
Relating to the definitions of certain terms for purposes of the exemption from ad valorem taxation of farm products in the hands of the producer.
Proposing a constitutional amendment to authorize the legislature to define certain terms for purposes of the exemption from ad valorem taxation of farm products in the hands of a producer and to authorize the commissioners court of a county to exempt from ad valorem taxation by each political subdivision that taxes the property the portion of the assessed value of a person's property that is attributable to the installation in or on the property of a rainwater harvesting or graywater system.
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.
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.
Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation a mineral interest that has a value of less than a certain amount.
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.
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.
Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation real property used to operate a child-care facility.
Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation real property used to operate a child-care facility.
Proposing a constitutional amendment authorizing the legislature to increase the amount of the exemption from ad valorem taxation by a school district of the market value of the residence homestead of a person who is elderly or disabled.