| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 88R6789 MLH-D | |
| 2 | 2 | By: Cook H.J.R. No. 158 | |
| 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 income-producing tangible | |
| 8 | 8 | personal property having a value of less than a certain amount. | |
| 9 | 9 | BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 10 | 10 | SECTION 1. Section 1(g), Article VIII, Texas Constitution, | |
| 11 | 11 | is amended to read as follows: | |
| 12 | 12 | (g) The Legislature by general law may exempt from ad | |
| 13 | 13 | valorem taxation tangible personal property that is held or used | |
| 14 | 14 | for the production of income and that has a taxable value of less | |
| 15 | 15 | than an amount specified [the minimum amount sufficient to recover | |
| 16 | 16 | the costs of the administration of the taxes on the property, as | |
| 17 | 17 | determined] by the Legislature in [or under] the general law | |
| 18 | 18 | granting the exemption. | |
| 19 | 19 | SECTION 2. This proposed constitutional amendment shall be | |
| 20 | 20 | submitted to the voters at an election to be held November 7, 2023. | |
| 21 | 21 | The ballot shall be printed to permit voting for or against the | |
| 22 | 22 | proposition: "The constitutional amendment authorizing the | |
| 23 | 23 | legislature to exempt from ad valorem taxation income-producing | |
| 24 | 24 | tangible personal property having a value of less than a certain | |
| 25 | 25 | amount." |