H.J.R. No. 1
 
 
 
A JOINT RESOLUTION
  proposing a constitutional amendment to authorize the legislature
  to exempt from ad valorem taxation a portion of the market value of
  tangible personal property a person owns that is held or used for
  the production of income.
         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 $125,000 of the market value of tangible personal
  property that is held or used for the production of income [and has
  a taxable value of less than the minimum amount sufficient to
  recover the costs of the administration of the taxes on the
  property, as determined by 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 4, 2025.
  The ballot shall be printed to permit voting for or against the
  proposition:  "The constitutional amendment to authorize the
  legislature to exempt from ad valorem taxation a portion of the
  market value of tangible personal property a person owns that is
  held or used for the production of income."
 
 
  ______________________________ ______________________________
     President of the Senate Speaker of the House     
 
 
         I certify that H.J.R. No. 1 was passed by the House on April
  2, 2025, by the following vote:  Yeas 132, Nays 13, 1 present, not
  voting; and that the House concurred in Senate amendments to H.J.R.
  No. 1 on May 19, 2025, by the following vote:  Yeas 112, Nays 13, 2
  present, not voting.
 
  ______________________________
  Chief Clerk of the House   
 
         I certify that H.J.R. No. 1 was passed by the Senate, with
  amendments, on May 14, 2025, by the following vote:  Yeas 31, Nays
  0.
 
  _______________________________
  Secretary of the Senate    
  RECEIVED:  _____________________
                     Date         
   
            _____________________
              Secretary of State