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."