| 1 | 1 | | 84R6089 TJB-D |
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| 2 | 2 | | By: Elkins H.J.R. No. 140 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | A JOINT RESOLUTION |
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| 6 | 6 | | proposing a constitutional amendment authorizing the legislature |
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| 7 | 7 | | to exempt from ad valorem taxation by one or more political |
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| 8 | 8 | | subdivisions tangible personal property used by the owner of the |
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| 9 | 9 | | property to manufacture, process, or fabricate tangible personal |
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| 10 | 10 | | property for ultimate sale. |
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| 11 | 11 | | BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 12 | 12 | | SECTION 1. Article VIII, Texas Constitution, is amended by |
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| 13 | 13 | | adding Section 1-t to read as follows: |
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| 14 | 14 | | Sec. 1-t. (a) The legislature by general law may exempt |
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| 15 | 15 | | from ad valorem taxation by one or more political subdivisions |
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| 16 | 16 | | tangible personal property used by the owner of the property to |
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| 17 | 17 | | manufacture, process, or fabricate tangible personal property for |
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| 18 | 18 | | ultimate sale. |
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| 19 | 19 | | (b) The legislature by general law may provide additional |
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| 20 | 20 | | eligibility requirements for an exemption authorized by this |
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| 21 | 21 | | section. |
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| 22 | 22 | | SECTION 2. This proposed constitutional amendment shall be |
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| 23 | 23 | | submitted to the voters at an election to be held November 3, 2015. |
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| 24 | 24 | | The ballot shall be printed to permit voting for or against the |
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| 25 | 25 | | proposition: "The constitutional amendment authorizing the |
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| 26 | 26 | | legislature to exempt from ad valorem taxation by one or more |
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| 27 | 27 | | political subdivisions tangible personal property used by the owner |
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| 28 | 28 | | of the property to manufacture, process, or fabricate tangible |
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| 29 | 29 | | personal property for ultimate sale." |
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