Proposing a constitutional amendment to allow the Texas legislature to exempt income-producing tangible personal property from ad valorem taxation.

This bill proposes a constitutional amendment to authorize the Texas legislature to exempt from ad valorem taxation income-producing tangible personal property for a certain period of time. The amendment would allow the legislature to set the duration of the exemption and the minimum taxable value of the property. The proposed amendment will be submitted to voters in the November 4, 2025 election.

Proposing a constitutional amendment to allow the Texas legislature to exempt income-producing tangible personal property from ad valorem taxation.

This bill proposes a constitutional amendment to authorize the Texas legislature to exempt from ad valorem taxation income-producing tangible personal property for a certain period of time. The amendment would allow the legislature to set the duration of the exemption and the minimum taxable value of the property. The proposed amendment will be submitted to voters in the November 4, 2025 election.