Amends Texas tax code to exempt tangible personal property from ad valorem taxation.
This bill amends the Texas Tax Code to exempt tangible personal property from ad valorem taxation. It makes conforming changes to various sections, including definitions and provisions related to tax abatement agreements, damage assessment ratings, and property rendition. The changes are contingent on the approval of a constitutional amendment exempting tangible personal property from ad valorem taxation.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.