| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 89R8905 CS-D | |
| 2 | 2 | By: West, Bettencourt S.J.R. No. 78 | |
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | ||
| 6 | 6 | ||
| 7 | 7 | A JOINT RESOLUTION | |
| 8 | 8 | proposing a constitutional amendment to authorize the legislature | |
| 9 | 9 | to exempt from ad valorem taxation certain perishable inventory | |
| 10 | 10 | held for sale at retail. | |
| 11 | 11 | BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 12 | 12 | SECTION 1. Article VIII, Texas Constitution, is amended by | |
| 13 | 13 | adding Section 1-v to read as follows: | |
| 14 | 14 | Sec. 1-v. (a) The legislature by general law may exempt | |
| 15 | 15 | from ad valorem taxation the total appraised value of the tangible | |
| 16 | 16 | personal property a person owns that consists of perishable | |
| 17 | 17 | inventory held for sale by the person at retail. | |
| 18 | 18 | (b) The legislature by general law may define "perishable | |
| 19 | 19 | inventory" for the purpose of this section, which may include | |
| 20 | 20 | prescription drugs, nonprescription drugs, and dietary | |
| 21 | 21 | supplements. | |
| 22 | 22 | SECTION 2. This proposed constitutional amendment shall be | |
| 23 | 23 | submitted to the voters at an election to be held November 4, 2025. | |
| 24 | 24 | The ballot shall be printed to permit voting for or against the | |
| 25 | 25 | proposition: "The constitutional amendment to authorize the | |
| 26 | 26 | legislature to exempt from ad valorem taxation certain perishable | |
| 27 | 27 | inventory held for sale at retail." |