Exempts tangible personal property from ad valorem taxation, contingent on voter approval.

This bill amends the Texas Tax Code to exempt tangible personal property from ad valorem taxation, effective January 1, 2026, but only if a constitutional amendment proposed by the 89th Legislature, Regular Session, 2025, is approved by voters. It also makes conforming changes to various sections of the Tax Code, Agriculture Code, Business & Commerce Code, Finance Code, Government Code, and Transportation Code. The bill repeals certain sections of the Tax Code and other codes, and it specifies that certain provisions apply only to offenses committed before the bill's effective date.

Exempts tangible personal property from ad valorem taxation, contingent on voter approval.

This bill amends the Texas Tax Code to exempt tangible personal property from ad valorem taxation, effective January 1, 2026, but only if a constitutional amendment proposed by the 89th Legislature, Regular Session, 2025, is approved by voters. It also makes conforming changes to various sections of the Tax Code, Agriculture Code, Business & Commerce Code, Finance Code, Government Code, and Transportation Code. The bill repeals certain sections of the Tax Code and other codes, and it specifies that certain provisions apply only to offenses committed before the bill's effective date.