88R6789 MLH-D
 
  By: Cook H.J.R. No. 158
 
 
 
A JOINT RESOLUTION
  proposing a constitutional amendment authorizing the legislature
  to exempt from ad valorem taxation income-producing tangible
  personal property having a value of less than a certain amount.
         BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 1(g), Article VIII, Texas Constitution,
  is amended to read as follows:
         (g)  The Legislature by general law may exempt from ad
  valorem taxation tangible personal property that is held or used
  for the production of income and that has a taxable value of less
  than an amount specified [the minimum amount sufficient to recover
  the costs of the administration of the taxes on the property, as
  determined] by the Legislature in [or under] the general law
  granting the exemption.
         SECTION 2.  This proposed constitutional amendment shall be
  submitted to the voters at an election to be held November 7, 2023.
  The ballot shall be printed to permit voting for or against the
  proposition: "The constitutional amendment authorizing the
  legislature to exempt from ad valorem taxation income-producing
  tangible personal property having a value of less than a certain
  amount."