83R10849 TJB-D
By: Paxton S.J.R. No. 51
A JOINT RESOLUTION
proposing a constitutional amendment authorizing the legislature
to exempt from ad valorem taxation by one or more political
subdivisions of this state a person's inventory held for sale at
retail.
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. The legislature by general law may exempt from ad
valorem taxation by one or more political subdivisions of this
state a person's inventory held for sale at retail, as defined by
general law.
SECTION 2. This proposed constitutional amendment shall be
submitted to the voters at an election to be held November 5, 2013.
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 by one or more
political subdivisions of this state a person's inventory held for
sale at retail."