Proposing a constitutional amendment to exempt tangible personal property from ad valorem taxation in Texas.

This bill proposes a constitutional amendment to exempt all tangible personal property in Texas from ad valorem taxation, effective January 1, 2026. It allows continued taxation on certain tangible personal property if the tax was pledged for debt payment before January 1, 2026. The amendment repeals several sections of the Texas Constitution and adds a temporary provision that expires January 1, 2027. The amendment will be submitted to voters in the November 4, 2025 election.

Proposing a constitutional amendment to exempt tangible personal property from ad valorem taxation in Texas.

This bill proposes a constitutional amendment to exempt all tangible personal property in Texas from ad valorem taxation, effective January 1, 2026. It allows continued taxation on certain tangible personal property if the tax was pledged for debt payment before January 1, 2026. The amendment repeals several sections of the Texas Constitution and adds a temporary provision that expires January 1, 2027. The amendment will be submitted to voters in the November 4, 2025 election.