84R6089 TJB-D
By: Elkins H.J.R. No. 140
A JOINT RESOLUTION
proposing a constitutional amendment authorizing the legislature
to exempt from ad valorem taxation by one or more political
subdivisions tangible personal property used by the owner of the
property to manufacture, process, or fabricate tangible personal
property for ultimate sale.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Article VIII, Texas Constitution, is amended by
adding Section 1-t to read as follows:
Sec. 1-t. (a) The legislature by general law may exempt
from ad valorem taxation by one or more political subdivisions
tangible personal property used by the owner of the property to
manufacture, process, or fabricate tangible personal property for
ultimate sale.
(b) The legislature by general law may provide additional
eligibility requirements for an exemption authorized by this
section.
SECTION 2. This proposed constitutional amendment shall be
submitted to the voters at an election to be held November 3, 2015.
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 tangible personal property used by the owner
of the property to manufacture, process, or fabricate tangible
personal property for ultimate sale."