HBA-RBT H.J.R. 72 76(R) BILL ANALYSIS Office of House Bill AnalysisH.J.R. 72 By: Hamric Ways & Means 4/19/1999 Introduced BACKGROUND AND PURPOSE Currently, vehicles that are leased and are used for personal use are required to pay a yearly business personal property tax. As proposed, H.J.R. 72 requires the submission to the voters of a constitutional amendment providing an exemption from the business personal property tax for vehicles that are leased, used for personal use, and are not held primarily for the production of income by the lessee. RULEMAKING AUTHORITY It is the opinion of the Office of House Bill Analysis that this bill does not expressly delegate any additional rulemaking authority to a state officer, department, agency, or institution. SECTION BY SECTION ANALYSIS SECTION 1. Amends Subsections (d) and (e), Section 1, Article VIII, Texas Constitution, to authorize exemption from ad valorem taxation of a leased motor vehicle that is not held primarily for the production of income by the lessee and that otherwise qualifies under general law for exemption. Authorizes the legislature by general law to provide limitations to the application of this subsection to the taxation of vehicles exempted under this section. Makes conforming and nonsubstantive changes. SECTION 2. Requires this proposed constitutional amendment to be submitted to the voters at an election to be held November 2, 1999. Sets forth the language for the ballot.