HJR66 - Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation income-producing tangible personal property for a certain period of time.

      By: Bernal H.J.R. No. 66       A JOINT RESOLUTION   proposing a constitutional amendment authorizing the legislature   to exempt from ad valorem taxation income-producing tangible   personal property for a certain period of time.          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 for a certain period of time [ and ] or   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 4, 2025.     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 for a certain period of time."