Texas 2025 - 89th Regular

Texas Senate Bill SJR25 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	89R640 RDS-D
2	2	By: Middleton S.J.R. No. 25
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7	7	A JOINT RESOLUTION
8	8	proposing a constitutional amendment exempting tangible personal
9	9	property from ad valorem taxation.
10	10	BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
11	11	SECTION 1. Section 1, Article VIII, Texas Constitution, is
12	12	amended by amending Subsection (b) and adding Subsection (b-1) to
13	13	read as follows:
14	14	(b) All real property [and tangible personal property] in
15	15	this State, unless exempt as required or permitted by this
16	16	Constitution, whether owned by natural persons or corporations,
17	17	other than municipal, shall be taxed in proportion to its value,
18	18	which shall be ascertained as may be provided by law. All tangible
19	19	personal property in this State is exempt from ad valorem taxation,
20	20	except as provided by Subsection (b-1) of this section.
21	21	(b-1) If before January 1, 2026, an ad valorem tax on
22	22	tangible personal property is pledged for the payment of a debt, the
23	23	appropriate tax authorities may continue to levy and collect the
24	24	tax against that tangible personal property at the same rate as the
25	25	pledged tax until the debt is discharged, if cessation of the levy
26	26	and collection of the tax would impair the obligation of the
27	27	contract by which the debt was created. This subsection applies to
28	28	tangible personal property that was taxable under the law in effect
29	29	on January 1, 2025, but that became exempt under Subsection (b) of
30	30	this section on January 1, 2026, as a result of the amendment of
31	31	this section adopted by the voters in 2025 to exempt all tangible
32	32	personal property from ad valorem taxation.
33	33	SECTION 2. Section 8, Article VIII, Texas Constitution, is
34	34	amended to read as follows:
35	35	Sec. 8. All real property of railroad companies shall be
36	36	assessed, and the taxes collected in the several counties in which
37	37	said real property is situated, including so much of the roadbed and
38	38	fixtures as shall be in each county. [The rolling stock may be
39	39	assessed in gross in the county where the principal office of the
40	40	company is located, and the county tax paid upon it shall be
41	41	apportioned as provided by general law in proportion to the
42	42	distance such road may run through any such county, among the
43	43	several counties through which the road passes, as a part of their
44	44	tax assets.]
45	45	SECTION 3. The following provisions of Article VIII, Texas
46	46	Constitution, are repealed:
47	47	(1) Sections 1(d), (e), and (g);
48	48	(2) Section 1-i;
49	49	(3) Section 1-j;
50	50	(4) Section 1-n, as proposed by S.J.R. 47, 77th
51	51	Legislature, Regular Session, 2001;
52	52	(5) Section 1-n, as proposed by S.J.R. 6, 77th
53	53	Legislature, Regular Session, 2001;
54	54	(6) Section 1-p;
55	55	(7) Section 1-x;
56	56	(8) Section 19; and
57	57	(9) Section 19a.
58	58	SECTION 4. The following temporary provision is added to
59	59	the Texas Constitution:
60	60	TEMPORARY PROVISION. The constitutional amendment proposed
61	61	by the 89th Legislature, Regular Session, 2025, exempting tangible
62	62	personal property from ad valorem taxation takes effect January 1,
63	63	2026, and applies only to taxes imposed on or after that date. This
64	64	temporary provision expires January 1, 2027.
65	65	SECTION 5. This proposed constitutional amendment shall be
66	66	submitted to the voters at an election to be held November 4, 2025.
67	67	The ballot shall be printed to permit voting for or against the
68	68	proposition: "The constitutional amendment exempting all tangible
69	69	personal property in this state from ad valorem taxation."