Texas 2025 - 89th Regular

Texas Senate Bill SJR81 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1		-	By: Bettencourt, Creighton S.J.R. No. 81
2		-	SENATE JOINT RESOLUTION
	1	+	By: Bettencourt S.J.R. No. 81
	2	+	(In the Senate - Filed March 14, 2025; March 25, 2025, read
	3	+	first time and referred to Committee on Local Government;
	4	+	March 31, 2025, reported favorably by the following vote: Yeas 5,
	5	+	Nays 0; March 31, 2025, sent to printer.)
	6	+	Click here to see the committee vote
3	7
4	8
5		-
6		-
	9	+	SENATE JOINT RESOLUTION
7	10		proposing a constitutional amendment to authorize the legislature
8	11		to exempt from ad valorem taxation a portion of the market value of
9	12		tangible personal property a person owns that is held or used for
10	13		the production of income.
11	14		BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
12	15		SECTION 1. Section 1(g), Article VIII, Texas Constitution,
13	16		is amended to read as follows:
14	17		(g) The Legislature by general law may exempt from ad
15	18		valorem taxation $25,000 of the market value of tangible personal
16	19		property a person owns that is held or used for the production of
17	20		income [and has a taxable value of less than the minimum amount
18	21		sufficient to recover the costs of the administration of the taxes
19	22		on the property, as determined by or under the general law granting
20	23		the exemption].
21	24		SECTION 2. This proposed constitutional amendment shall be
22	25		submitted to the voters at an election to be held November 4, 2025.
23	26		The ballot shall be printed to permit voting for or against the
24	27		proposition: "The constitutional amendment to authorize the
25	28		legislature to exempt from ad valorem taxation a portion of the
26	29		market value of tangible personal property a person owns that is
27	30		held or used for the production of income."
	31	+	* * * * *