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1 | 1 | 84R7403 TJB-D | |
2 | 2 | By: Bettencourt S.J.R. No. 56 | |
3 | 3 | ||
4 | 4 | ||
5 | 5 | A JOINT RESOLUTION | |
6 | 6 | proposing a constitutional amendment authorizing the legislature | |
7 | 7 | to exempt from ad valorem taxation by one or more political | |
8 | 8 | subdivisions of this state a person's inventory. | |
9 | 9 | BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
10 | 10 | SECTION 1. Article VIII, Texas Constitution, is amended by | |
11 | 11 | adding Section 1-r to read as follows: | |
12 | 12 | Sec. 1-r. The legislature by general law may exempt from ad | |
13 | 13 | valorem taxation by one or more political subdivisions of this | |
14 | 14 | state a person's inventory, as defined by general law. | |
15 | 15 | SECTION 2. This proposed constitutional amendment shall be | |
16 | 16 | submitted to the voters at an election to be held November 3, 2015. | |
17 | 17 | The ballot shall be printed to permit voting for or against the | |
18 | 18 | proposition: "The constitutional amendment authorizing the | |
19 | 19 | legislature to exempt from ad valorem taxation by one or more | |
20 | 20 | political subdivisions of this state a person's inventory." |