78R909 SMH-D

By:  Averitt                                                    S.J.R. No. 16 



A JOINT RESOLUTION

proposing a constitutional amendment to authorize an exemption or 
other relief from ad valorem taxation for commercial tangible 
personal property if the property is voluntarily rendered for 
taxation.
	BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:                       
	SECTION 1.  Section 1, Article VIII, Texas Constitution, is 
amended by adding Subsection (k) to read as follows:
	(k)  The Legislature may exempt from ad valorem taxation 
$10,000 or a lesser amount of the market value of tangible personal 
property held or used for the production of income or provide other 
tax relief if the property is voluntarily rendered for taxation.
	SECTION 2.  This proposed constitutional amendment shall be 
submitted to the voters at an election to be held November 4, 2003.  
The ballot shall be printed to permit voting for or against the 
proposition:  "The constitutional amendment to authorize ad valorem 
tax incentives to encourage the voluntary rendition of commercial 
tangible personal property for taxation."