85R3242 TJB-D
By: Guillen H.J.R. No. 18
A JOINT RESOLUTION
proposing a constitutional amendment authorizing the governing
bodies of certain political subdivisions to exempt from ad valorem
taxation the real and tangible personal property of businesses
during an initial period of operation in this state.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Article VIII, Texas Constitution, is amended by
adding Section 1-s to read as follows:
Sec. 1-s. (a) The governing body of a political subdivision
may exempt from ad valorem taxation the real and tangible personal
property of a business during the first 10 years that the business
operates in this state if:
(1) the business first begins operating in this state
on or after January 1, 2018; and
(2) the property is located in a county with a
population of 250,000 or less.
(b) The legislature by general law may provide additional
eligibility requirements for an exemption authorized by this
section.
SECTION 2. The following temporary provision is added to
the Texas Constitution:
TEMPORARY PROVISION. (a) This temporary provision applies
to the constitutional amendment proposed by the 85th Legislature,
Regular Session, 2017, authorizing the governing bodies of certain
political subdivisions to exempt from ad valorem taxation the real
and tangible personal property of businesses during an initial
period of operation in this state.
(b) Section 1-s, Article VIII, of this constitution takes
effect January 1, 2018, and applies only to a tax year beginning on
or after that date.
(c) This temporary provision expires January 1, 2019.
SECTION 3. This proposed constitutional amendment shall be
submitted to the voters at an election to be held November 7, 2017.
The ballot shall be printed to permit voting for or against the
proposition: "The constitutional amendment authorizing the
governing bodies of certain political subdivisions to exempt from
ad valorem taxation the real and tangible personal property of
businesses during an initial period of operation in this state."