| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 89R1621 LHC-D | |
| 2 | 2 | By: Nichols S.J.R. No. 46 | |
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | ||
| 6 | 6 | ||
| 7 | 7 | A JOINT RESOLUTION | |
| 8 | 8 | proposing a constitutional amendment authorizing the legislature | |
| 9 | 9 | to exempt from ad valorem taxation tangible personal property | |
| 10 | 10 | consisting of animal feed held by the owner of the property for sale | |
| 11 | 11 | at retail. | |
| 12 | 12 | BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 13 | 13 | SECTION 1. Article VIII, Texas Constitution, is amended by | |
| 14 | 14 | adding Section 1-s to read as follows: | |
| 15 | 15 | Sec. 1-s. (a) The legislature by general law may exempt | |
| 16 | 16 | from ad valorem taxation tangible personal property consisting of | |
| 17 | 17 | animal feed held by the owner of the property for sale at retail. | |
| 18 | 18 | (b) The legislature by general law may provide additional | |
| 19 | 19 | eligibility requirements for the exemption authorized by this | |
| 20 | 20 | section. | |
| 21 | 21 | SECTION 2. This proposed constitutional amendment shall be | |
| 22 | 22 | submitted to the voters at an election to be held November 4, 2025. | |
| 23 | 23 | The ballot shall be printed to permit voting for or against the | |
| 24 | 24 | proposition: "The constitutional amendment authorizing the | |
| 25 | 25 | legislature to exempt from ad valorem taxation tangible personal | |
| 26 | 26 | property consisting of animal feed held by the owner of the property | |
| 27 | 27 | for sale at retail." |