Proposing a constitutional amendment to allow temporary local option exemption from ad valorem taxation on surplus real property purchased from a.

This bill proposes a constitutional amendment to authorize the Texas legislature to provide for a temporary local option exemption from ad valorem taxation by a political subdivision of the total market value of surplus real property a person purchases from a school district. The exemption period can last up to 10 years. The amendment will be submitted to voters in the November 4, 2025 election.

Proposing a constitutional amendment to allow temporary local option exemption from ad valorem taxation on surplus real property purchased from a.

This bill proposes a constitutional amendment to authorize the Texas legislature to provide for a temporary local option exemption from ad valorem taxation by a political subdivision of the total market value of surplus real property a person purchases from a school district. The exemption period can last up to 10 years. The amendment will be submitted to voters in the November 4, 2025 election.