89R8905 CS-D
By: West, Bettencourt S.J.R. No. 78
A JOINT RESOLUTION
proposing a constitutional amendment to authorize the legislature
to exempt from ad valorem taxation certain perishable inventory
held for sale at retail.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Article VIII, Texas Constitution, is amended by
adding Section 1-v to read as follows:
Sec. 1-v. (a) The legislature by general law may exempt
from ad valorem taxation the total appraised value of the tangible
personal property a person owns that consists of perishable
inventory held for sale by the person at retail.
(b) The legislature by general law may define "perishable
inventory" for the purpose of this section, which may include
prescription drugs, nonprescription drugs, and dietary
supplements.
SECTION 2. This proposed constitutional amendment shall be
submitted to the voters at an election to be held November 4, 2025.
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 perishable
inventory held for sale at retail."