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."