88R7059 DRS-F
By: Huffman S.J.R. No. 87
A JOINT RESOLUTION
proposing a constitutional amendment to authorize the legislature
to exempt from ad valorem taxation certain tangible personal
property held by a manufacturer of medical or biomedical products
as a finished good or used in the manufacturing or processing of
medical or biomedical products.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Article VIII, Texas Constitution, is amended by
adding Section 1-x to read as follows:
Sec. 1-x. The legislature by general law may exempt from ad
valorem taxation the tangible personal property held by a
manufacturer of medical or biomedical products as a finished good
or used in the manufacturing or processing of medical or biomedical
products.
SECTION 2. This proposed constitutional amendment shall be
submitted to the voters at an election to be held November 7, 2023.
The ballot shall be printed to permit voting for or against the
proposition: "The constitutional amendment to authorize the
legislature to exempt from ad valorem taxation certain tangible
personal property held by a manufacturer of medical or biomedical
products as a finished good or used in the manufacturing or
processing of medical or biomedical products."