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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 certain perishable inventory |
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held for sale at retail. |
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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 1-v to read as follows: |
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Sec. 1-v. (a) The legislature by general law may exempt |
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from ad valorem taxation the total appraised value of the tangible |
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personal property a person owns that consists of perishable |
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inventory held for sale by the person at retail. |
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(b) The legislature by general law may define "perishable |
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inventory" for the purpose of this section, which may include |
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prescription drugs, nonprescription drugs, and dietary |
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supplements. |
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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 certain perishable |
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inventory held for sale at retail." |