Proposing a constitutional amendment to allow the Texas legislature to exempt certain perishable inventory from ad valorem taxation.

This bill proposes a constitutional amendment to authorize the Texas legislature to exempt from ad valorem taxation certain perishable inventory held for sale at retail. The legislature would have the authority to define "perishable inventory," which could include prescription drugs, nonprescription drugs, and dietary supplements. The amendment will be submitted to voters in the November 4, 2025 election.

Proposing a constitutional amendment to allow the Texas legislature to exempt certain perishable inventory from ad valorem taxation.

This bill proposes a constitutional amendment to authorize the Texas legislature to exempt from ad valorem taxation certain perishable inventory held for sale at retail. The legislature would have the authority to define "perishable inventory," which could include prescription drugs, nonprescription drugs, and dietary supplements. The amendment will be submitted to voters in the November 4, 2025 election.