Enrolled Bill Summary

House Bill 9 amends the Tax Code to increase the value of income-producing tangible personal property subject to exemption from property taxation to $125,000 of the market value of the property and to set out the conditions under which a person is required to render such property. Accordingly, the bill revises Property Tax Code provisions regarding reporting forms prescribed by the comptroller of public accounts. The bill takes effect January 1, 2026, contingent on voter approval of the constitutional amendment proposed by House Joint Resolution 1.