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A JOINT RESOLUTION
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proposing a constitutional amendment requiring the periodic review |
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of state and local tax preferences and the expiration of certain tax |
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preferences if not reauthorized by law. |
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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 27 to read as follows: |
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Sec. 27. (a) The legislature by general law shall: |
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(1) require the periodic review of state and local tax |
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preferences; |
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(2) define the term "tax preference" for the purposes |
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of this section; and |
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(3) prescribe the methods, timing, and administrative |
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procedures for implementing the requirements of this subsection. |
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(b) Unless reauthorized by law: |
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(1) a tax preference that first takes effect on or |
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after September 1, 2022, expires six years after the date the law |
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enacting or most recently reauthorizing the tax preference takes |
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effect, except that the legislature may provide for an earlier |
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expiration date; and |
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(2) a tax preference that takes effect before |
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September 1, 2022, and that is reauthorized by law on or after that |
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date expires six years after the date the law most recently |
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reauthorizing the tax preference takes effect, except that the |
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legislature may provide for an earlier expiration date. |
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SECTION 2. The following temporary provision is added to |
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the Texas Constitution: |
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TEMPORARY PROVISION. (a) This temporary provision applies |
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to the constitutional amendment proposed by the 87th Legislature, |
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Regular Session, 2021, requiring the legislature to provide for a |
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periodic review of state and local tax preferences and providing |
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for the expiration of certain tax preferences after six years, or at |
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another time prescribed by the legislature, unless reauthorized by |
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law. |
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(b) Section 27, Article VIII, of this constitution, as added |
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by the amendment, takes effect January 1, 2022. |
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(c) This temporary provision expires January 2, 2022. |
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SECTION 3. This proposed constitutional amendment shall be |
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submitted to the voters at an election to be held November 2, 2021. |
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The ballot shall be printed to permit voting for or against the |
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proposition: "The constitutional amendment requiring the |
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legislature to provide for a periodic review of state and local tax |
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preferences and providing for the expiration of certain tax |
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preferences after six years, or at another time prescribed by the |
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legislature, unless reauthorized by law." |