86R2694 TJB-D
By: Bettencourt, Creighton, Paxton S.J.R. No. 43
A JOINT RESOLUTION
proposing a constitutional amendment to extend the number of days
that certain tangible personal property that is exempt from ad
valorem taxation due to its location in this state for a temporary
period may be located in this state for the purpose of qualifying
for the tax exemption.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 1-j(a), Article VIII, Texas
Constitution, is amended to read as follows:
(a) To promote economic development in the State, goods,
wares, merchandise, other tangible personal property, and ores,
other than oil, natural gas, and other petroleum products, are
exempt from ad valorem taxation by a political subdivision of this
State if:
(1) the property is acquired in or imported into this
State to be forwarded outside this State, whether or not the
intention to forward the property outside this State is formed or
the destination to which the property is forwarded is specified
when the property is acquired in or imported into this State;
(2) the property is detained in this State for
assembling, storing, manufacturing, processing, or fabricating
purposes by the person who acquired or imported the property; and
(3) the property is transported outside of this State
not later than:
(A) 365 [175] days after the date the person
acquired or imported the property in this State; or
(B) if applicable, a later date established by
the governing body of the political subdivision under Subsection
(d) of 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 86th Legislature,
Regular Session, 2019, to extend the number of days that certain
tangible personal property that is exempt from ad valorem taxation
due to its location in this state for a temporary period may be
located in this state for the purpose of qualifying for the tax
exemption.
(b) The amendment to Section 1-j, Article VIII, of this
constitution takes effect January 1, 2020, and applies only to a tax
year that begins on or after that date.
(c) This temporary provision expires January 1, 2021.
SECTION 3. This proposed constitutional amendment shall be
submitted to the voters at an election to be held November 5, 2019.
The ballot shall be printed to permit voting for or against the
proposition: "The constitutional amendment to extend the number of
days that certain tangible personal property that is exempt from ad
valorem taxation due to its location in this state for a temporary
period may be located in this state for the purpose of qualifying
for the tax exemption."