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A JOINT RESOLUTION
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proposing a constitutional amendment to authorize the legislature |
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to exempt from ad valorem taxation a portion of the market value of |
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tangible personal property a person owns that is held or used for |
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the production of income. |
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BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 1(g), Article VIII, Texas Constitution, |
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is amended to read as follows: |
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(g) The Legislature by general law may exempt from ad |
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valorem taxation $125,000 of the market value of tangible personal |
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property that is held or used for the production of income [and has |
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a taxable value of less than the minimum amount sufficient to |
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recover the costs of the administration of the taxes on the |
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property, as determined by or under the general law granting the |
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exemption]. |
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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 4, 2025. |
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The ballot shall be printed to permit voting for or against the |
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proposition: "The constitutional amendment to authorize the |
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legislature to exempt from ad valorem taxation a portion of the |
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market value of tangible personal property a person owns that is |
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held or used for the production of income." |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I certify that H.J.R. No. 1 was passed by the House on April |
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2, 2025, by the following vote: Yeas 132, Nays 13, 1 present, not |
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voting; and that the House concurred in Senate amendments to H.J.R. |
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No. 1 on May 19, 2025, by the following vote: Yeas 112, Nays 13, 2 |
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present, not voting. |
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______________________________ |
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Chief Clerk of the House |
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I certify that H.J.R. No. 1 was passed by the Senate, with |
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amendments, on May 14, 2025, by the following vote: Yeas 31, Nays |
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0. |
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_______________________________ |
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Secretary of the Senate |
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RECEIVED: _____________________ |
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Date |
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_____________________ |
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Secretary of State |