By Cain S.J.R. No. 36 76R5551 SMH-D A JOINT RESOLUTION 1-1 proposing a constitutional amendment to authorize an exemption or 1-2 other relief from ad valorem taxation for commercial tangible 1-3 personal property if the property is voluntarily rendered for 1-4 taxation. 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 adding Subsection (j) to read as follows: 1-8 (j) The Legislature may exempt from ad valorem taxation all 1-9 or part of the market value of tangible personal property held or 1-10 used for the production of income or provide other tax relief if 1-11 the property is voluntarily rendered for taxation. 1-12 SECTION 2. This proposed constitutional amendment shall be 1-13 submitted to the voters at an election to be held November 2, 1999. 1-14 The ballot shall be printed to permit voting for or against the 1-15 proposition: "The constitutional amendment to authorize ad valorem 1-16 tax incentives to encourage the voluntary rendition of commercial 1-17 tangible personal property for taxation."