| 1 | 1 | | 85R3242 TJB-D |
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| 2 | 2 | | By: Guillen H.J.R. No. 18 |
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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 governing |
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| 7 | 7 | | bodies of certain political subdivisions to exempt from ad valorem |
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| 8 | 8 | | taxation the real and tangible personal property of businesses |
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| 9 | 9 | | during an initial period of operation in this state. |
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| 10 | 10 | | BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 11 | 11 | | SECTION 1. Article VIII, Texas Constitution, is amended by |
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| 12 | 12 | | adding Section 1-s to read as follows: |
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| 13 | 13 | | Sec. 1-s. (a) The governing body of a political subdivision |
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| 14 | 14 | | may exempt from ad valorem taxation the real and tangible personal |
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| 15 | 15 | | property of a business during the first 10 years that the business |
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| 16 | 16 | | operates in this state if: |
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| 17 | 17 | | (1) the business first begins operating in this state |
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| 18 | 18 | | on or after January 1, 2018; and |
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| 19 | 19 | | (2) the property is located in a county with a |
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| 20 | 20 | | population of 250,000 or less. |
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| 21 | 21 | | (b) The legislature by general law may provide additional |
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| 22 | 22 | | eligibility requirements for an exemption authorized by this |
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| 23 | 23 | | section. |
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| 24 | 24 | | SECTION 2. The following temporary provision is added to |
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| 25 | 25 | | the Texas Constitution: |
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| 26 | 26 | | TEMPORARY PROVISION. (a) This temporary provision applies |
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| 27 | 27 | | to the constitutional amendment proposed by the 85th Legislature, |
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| 28 | 28 | | Regular Session, 2017, authorizing the governing bodies of certain |
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| 29 | 29 | | political subdivisions to exempt from ad valorem taxation the real |
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| 30 | 30 | | and tangible personal property of businesses during an initial |
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| 31 | 31 | | period of operation in this state. |
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| 32 | 32 | | (b) Section 1-s, Article VIII, of this constitution takes |
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| 33 | 33 | | effect January 1, 2018, and applies only to a tax year beginning on |
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| 34 | 34 | | or after that date. |
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| 35 | 35 | | (c) This temporary provision expires January 1, 2019. |
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| 36 | 36 | | SECTION 3. This proposed constitutional amendment shall be |
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| 37 | 37 | | submitted to the voters at an election to be held November 7, 2017. |
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| 38 | 38 | | The ballot shall be printed to permit voting for or against the |
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| 39 | 39 | | proposition: "The constitutional amendment authorizing the |
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| 40 | 40 | | governing bodies of certain political subdivisions to exempt from |
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| 41 | 41 | | ad valorem taxation the real and tangible personal property of |
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| 42 | 42 | | businesses during an initial period of operation in this state." |
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