By: Bettencourt S.J.R. No. 81
(In the Senate - Filed March 14, 2025; March 25, 2025, read
first time and referred to Committee on Local Government;
March 31, 2025, reported favorably by the following vote: Yeas 5,
Nays 0; March 31, 2025, sent to printer.)
Click here to see the committee vote
SENATE JOINT RESOLUTION
proposing a constitutional amendment to authorize the legislature
to exempt from ad valorem taxation a portion of the market value of
tangible personal property a person owns that is held or used for
the production of income.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 1(g), Article VIII, Texas Constitution,
is amended to read as follows:
(g) The Legislature by general law may exempt from ad
valorem taxation $25,000 of the market value of tangible personal
property a person owns that is held or used for the production of
income [and has a taxable value of less than the minimum amount
sufficient to recover the costs of the administration of the taxes
on the property, as determined by or under the general law granting
the exemption].
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 a portion of the
market value of tangible personal property a person owns that is
held or used for the production of income."
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