Exempts certain perishable inventory held for sale at retail from ad valorem taxation in Texas.

This bill amends the Texas Tax Code to exempt from ad valorem taxation the total appraised value of tangible personal property that consists of perishable inventory held for sale at retail. Perishable inventory includes food products that may spoil, prescription and nonprescription drugs, and dietary supplements or vitamins. The exemption does not apply if the person owes a delinquent tax to the state or a taxing unit.

Exempts certain perishable inventory held for sale at retail from ad valorem taxation in Texas.

This bill amends the Texas Tax Code to exempt from ad valorem taxation the total appraised value of tangible personal property that consists of perishable inventory held for sale at retail. Perishable inventory includes food products that may spoil, prescription and nonprescription drugs, and dietary supplements or vitamins. The exemption does not apply if the person owes a delinquent tax to the state or a taxing unit.