By Rusling, Averitt H.J.R. No. 107 A JOINT RESOLUTION 1-1 proposing a constitutional amendment to authorize the exemption 1-2 from ad valorem taxation of certain tangible personal property 1-3 acquired in or imported into the state for distribution. 1-4 BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Article VIII, Texas Constitution, is amended by 1-6 adding Section 1-m to read as follows: 1-7 Sec. 1-m. (a) To promote economic development in the state, 1-8 goods, wares, merchandise, other tangible personal property, and 1-9 ores, other than oil, natural gas, and other petroleum products, 1-10 are exempt from ad valorem taxation if: 1-11 (1) the property is acquired in or imported into this 1-12 state to be forwarded to another location, whether or not the 1-13 intention to forward the property is formed or the destination to 1-14 which the property is forwarded is specified when the property is 1-15 acquired in or imported into this State; 1-16 (2) the property is detained in this state for 1-17 assembling, storing, manufacturing, processing, or fabricating 1-18 purposes; and 1-19 (3) the property is transported or distributed to 1-20 another location, not later than 270 days after the date the 1-21 property is acquired in or imported into this state. 1-22 SECTION 2. This proposed constitutional amendment shall be 1-23 submitted to the voters at an election to be held November 7, 1995. 2-1 The ballot shall be printed to permit voting for or against the 2-2 proposition: "the constitutional amendment to promote economic 2-3 growth and job creation by authorizing the exemption from ad 2-4 valorem taxation of certain personal property held temporarily in 2-5 the state for the purpose of transporting or distributing the 2-6 property to other locations within 270 days."