1-1     By:  Cain                                             S.J.R. No. 36
 1-2           (In the Senate - Filed March 12, 1999; March 18, 1999, read
 1-3     first time and referred to Committee on Finance; April 27, 1999,
 1-4     reported adversely, with favorable Committee Substitute by the
 1-5     following vote:  Yeas 7, Nays 0; April 27, 1999, sent to printer.)
 1-6     COMMITTEE SUBSTITUTE FOR S.J.R. No. 36                By:  Moncrief
 1-7                           SENATE JOINT RESOLUTION
 1-8     proposing a constitutional amendment to authorize an exemption or
 1-9     other relief from ad valorem taxation for commercial tangible
1-10     personal property if the property is voluntarily rendered for
1-11     taxation.
1-12           BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-13           SECTION 1.  Section 1, Article VIII, Texas Constitution, is
1-14     amended by adding Subsection (j) to read as follows:
1-15           (j)  The Legislature may exempt from ad valorem taxation
1-16     $10,000 or a lesser amount of the market value of tangible personal
1-17     property held or used for the production of income or provide other
1-18     tax relief if the property is voluntarily rendered for taxation.
1-19           SECTION 2.  This proposed constitutional amendment shall be
1-20     submitted to the voters at an election to be held November 2, 1999.
1-21     The ballot shall be printed to permit voting for or against the
1-22     proposition:  "The constitutional amendment to authorize ad valorem
1-23     tax incentives to encourage the voluntary rendition of commercial
1-24     tangible personal property for taxation."
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