| 1 | 1 | | By: Bernal H.J.R. No. 211 |
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| 6 | 6 | | A JOINT RESOLUTION |
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| 7 | 7 | | proposing a constitutional amendment to authorize the legislature |
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| 8 | 8 | | to exempt from ad valorem taxation a portion of the market value of |
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| 9 | 9 | | tangible personal property a person owns that is held or used for |
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| 10 | 10 | | the production of income. |
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| 11 | 11 | | BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 12 | 12 | | SECTION 1. Section 1(g), Article VIII, Texas Constitution, |
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| 13 | 13 | | is amended to read as follows: |
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| 14 | 14 | | (g) The Legislature by general law may exempt from ad |
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| 15 | 15 | | valorem taxation $100,000 of the market value of tangible personal |
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| 16 | 16 | | property a person owns that is held or used for the production of |
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| 17 | 17 | | income [and has a taxable value of less than the minimum amount |
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| 18 | 18 | | sufficient to recover the costs of the administration of the taxes |
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| 19 | 19 | | on the property, as determined by or under the general law granting |
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| 20 | 20 | | the exemption] contingent on the annual rendering of the tangible |
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| 21 | 21 | | personal property. |
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| 22 | 22 | | SECTION 2. This proposed constitutional amendment shall be |
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| 23 | 23 | | submitted to the voters at an election to be held November 4, 2025. |
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| 24 | 24 | | The ballot shall be printed to permit voting for or against the |
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| 25 | 25 | | proposition: "The constitutional amendment to authorize the |
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| 26 | 26 | | legislature to exempt from ad valorem taxation a portion of the |
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| 27 | 27 | | market value of tangible personal property a person owns that is |
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| 28 | 28 | | held or used for the production of income contingent on the annual |
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| 29 | 29 | | rendering of that tangible personal property." |
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