81R3402 SMH-D
By: McClendon H.J.R. No. 82
A JOINT RESOLUTION
proposing a constitutional amendment authorizing the legislature
to exempt from ad valorem taxation a high-speed passenger rail
facility.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Article VIII, Texas Constitution, is amended by
adding Section 1-p to read as follows:
Sec. 1-p. (a) In this section:
(1) "High-speed rail" means a rail technology that
permits the operation of rolling stock between scheduled stops at
speeds of at least 125 miles per hour.
(2) "Rolling stock" means high-speed electrically
propelled trains that run on rails or electromagnetic guideways.
(b) The legislature by general law may exempt from ad
valorem taxation a high-speed passenger rail facility. A general
law enacted under this section may limit the period for which such a
facility may be exempted from ad valorem taxation.
SECTION 2. This proposed constitutional amendment shall be
submitted to the voters at an election to be held November 3, 2009.
The ballot shall be printed to permit voting for or against the
proposition: "The constitutional amendment authorizing the
legislature to exempt from ad valorem taxation a high-speed
passenger rail facility."