86R3331 SMT-D
 
  By: Button H.B. No. 2804
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the exemption from ad valorem taxation of tangible
  personal property consisting of certain food products held by the
  owner of the property for sale at retail.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Subchapter B, Chapter 11, Tax Code, is amended by
  adding Section 11.37 to read as follows:
         Sec. 11.37.  FOOD PRODUCTS HELD FOR SALE AT RETAIL. The
  owner of tangible personal property consisting of food products
  exempted from the sales and use tax under Section 151.314(a) is
  entitled to an exemption from ad valorem taxation of the appraised
  value of the property if the property is held by the owner for sale
  at retail.
         SECTION 2.  This Act applies only to ad valorem taxes imposed
  for a tax year beginning on or after the effective date of this Act.
         SECTION 3.  This Act takes effect January 1, 2020, but only
  if the constitutional amendment proposed by the 86th Legislature,
  Regular Session, 2019, authorizing the legislature to exempt from
  ad valorem taxation tangible personal property consisting of food
  or food products held by the owner of the property for sale at
  retail is approved by the voters. If that amendment is not approved
  by the voters, this Act has no effect.