SJR78 - Proposing a constitutional amendment to authorize the legislature to exempt from ad valorem taxation certain perishable inventory held for sale at retail.

  89R8905 CS-D     By: West, Bettencourt S.J.R. No. 78       A JOINT RESOLUTION   proposing a constitutional amendment to authorize the legislature   to exempt from ad valorem taxation certain perishable inventory   held for sale at retail.          BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Article VIII, Texas Constitution, is amended by   adding Section 1-v to read as follows:           Sec.   1-v.     (a)   The legislature by general law may exempt   from ad valorem taxation the total appraised value of the tangible   personal property a person owns that consists of perishable   inventory held for sale by the person at retail.           (b)     The legislature by general law may define "perishable   inventory" for the purpose of this section, which may include   prescription drugs, nonprescription drugs, and dietary   supplements.          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 certain perishable   inventory held for sale at retail."