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A JOINT RESOLUTION
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proposing a constitutional amendment authorizing the legislature |
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to exempt from ad valorem taxation by one or more political |
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subdivisions of this state a person's inventory. |
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BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Article VIII, Texas Constitution, is amended by |
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adding Section 1-r to read as follows: |
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Sec. 1-r. The legislature by general law may exempt from ad |
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valorem taxation by one or more political subdivisions of this |
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state a person's inventory, as defined by general law. |
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SECTION 2. This proposed constitutional amendment shall be |
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submitted to the voters at an election to be held November 3, 2015. |
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The ballot shall be printed to permit voting for or against the |
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proposition: "The constitutional amendment authorizing the |
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legislature to exempt from ad valorem taxation by one or more |
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political subdivisions of this state a person's inventory." |