H.J.R. No. 31
                                  A JOINT RESOLUTION
    1-1  proposing a constitutional amendment authorizing the exemption from
    1-2  ad valorem taxation of income-producing personal property and
    1-3  mineral interests having a value insufficient to recover the tax
    1-4  administrative costs.
    1-5        BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-6        SECTION 1.  Section 1, Article VIII, Texas Constitution, is
    1-7  amended by amending Subsection (d) and adding Subsections (g) and
    1-8  (h) to read as follows:
    1-9        (d)  The Legislature by general law shall exempt from ad
   1-10  valorem taxation household goods not held or used for the
   1-11  production of income and personal effects not held or used for the
   1-12  production of income.  The Legislature by general law may exempt
   1-13  from ad valorem taxation:
   1-14              (1)  all or part of the personal property homestead of
   1-15  a family or single adult, "personal property homestead" meaning
   1-16  that personal property exempt by law from forced sale for debt; and
   1-17              (2)  subject to Subsections <Subsection> (e) and (g)
   1-18  of this section, all other tangible personal property, except
   1-19  structures which are personal property and are used or occupied as
   1-20  residential dwellings and except property held or used for the
   1-21  production of income.
   1-22        (g)  The Legislature may exempt from ad valorem taxation
   1-23  tangible personal property that is held or used for the production
   1-24  of income and has a taxable value of less than the minimum amount
    2-1  sufficient to recover the costs of the administration of the taxes
    2-2  on the property, as determined by or under the general law granting
    2-3  the exemption.
    2-4        (h)  The Legislature may exempt from ad valorem taxation a
    2-5  mineral interest that has a taxable value of less than the minimum
    2-6  amount sufficient to recover the costs of the administration of the
    2-7  taxes on the interest, as determined by or under the general law
    2-8  granting the exemption.
    2-9        SECTION 2.  This proposed constitutional amendment shall be
   2-10  submitted to the voters at an election to be held November 7, 1995.
   2-11  The ballot shall be printed to permit voting for or against the
   2-12  proposition:  "The constitutional amendment authorizing the
   2-13  legislature to exempt from ad valorem taxation personal property
   2-14  and mineral interests having a value insufficient to recover the
   2-15  administrative costs of collecting the taxes."