| 1 | 1 | | 85R2436 TJB-D |
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| 2 | 2 | | By: Button H.J.R. No. 35 |
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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 of this state a person's inventory held for sale at |
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| 9 | 9 | | retail. |
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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. Section 1(d), Article VIII, Texas Constitution, |
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| 12 | 12 | | is amended to read as follows: |
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| 13 | 13 | | (d) The Legislature by general law shall exempt from ad |
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| 14 | 14 | | valorem taxation household goods not held or used for the |
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| 15 | 15 | | production of income and personal effects not held or used for the |
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| 16 | 16 | | production of income. The Legislature by general law may exempt |
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| 17 | 17 | | from ad valorem taxation: |
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| 18 | 18 | | (1) all or part of the personal property homestead of a |
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| 19 | 19 | | family or single adult, "personal property homestead" meaning that |
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| 20 | 20 | | personal property exempt by law from forced sale for debt; |
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| 21 | 21 | | (2) subject to Subsections (e) and (g) of this section |
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| 22 | 22 | | and except as provided by Section 1-p of this article, all other |
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| 23 | 23 | | tangible personal property, except structures which are |
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| 24 | 24 | | substantially affixed to real estate and are used or occupied as |
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| 25 | 25 | | residential dwellings and except property held or used for the |
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| 26 | 26 | | production of income; |
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| 27 | 27 | | (3) subject to Subsection (e) of this section, a |
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| 28 | 28 | | leased motor vehicle that is not held primarily for the production |
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| 29 | 29 | | of income by the lessee and that otherwise qualifies under general |
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| 30 | 30 | | law for exemption; and |
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| 31 | 31 | | (4) one motor vehicle, as defined by general law, |
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| 32 | 32 | | owned by an individual that is used in the course of the |
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| 33 | 33 | | individual's occupation or profession and is also used for personal |
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| 34 | 34 | | activities of the owner that do not involve the production of |
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| 35 | 35 | | income. |
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| 36 | 36 | | SECTION 2. Article VIII, Texas Constitution, is amended by |
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| 37 | 37 | | adding Section 1-p to read as follows: |
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| 38 | 38 | | Sec. 1-p. The legislature by general law may exempt from ad |
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| 39 | 39 | | valorem taxation by one or more political subdivisions of this |
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| 40 | 40 | | state a person's inventory held for sale at retail, as defined by |
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| 41 | 41 | | general law. |
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| 42 | 42 | | SECTION 3. This proposed constitutional amendment shall be |
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| 43 | 43 | | submitted to the voters at an election to be held November 7, 2017. |
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| 44 | 44 | | The ballot shall be printed to permit voting for or against the |
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| 45 | 45 | | proposition: "The constitutional amendment authorizing the |
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| 46 | 46 | | legislature to exempt from ad valorem taxation by one or more |
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| 47 | 47 | | political subdivisions of this state a person's inventory held for |
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| 48 | 48 | | sale at retail." |
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