Proposes a constitutional amendment to allow the Texas legislature to exempt up to $25,000 of the market value of tangible personal property used for.

This bill proposes a constitutional amendment to authorize the Texas legislature to exempt from ad valorem taxation up to $25,000 of the market value of tangible personal property owned by individuals, provided the property is held or used for the production of income. The amendment will be submitted to voters in the November 4, 2025 election. If approved, the legislature can enact laws to implement this exemption.

Proposes a constitutional amendment to allow the Texas legislature to exempt up to $25,000 of the market value of tangible personal property used for.

This bill proposes a constitutional amendment to authorize the Texas legislature to exempt from ad valorem taxation up to $25,000 of the market value of tangible personal property owned by individuals, provided the property is held or used for the production of income. The amendment will be submitted to voters in the November 4, 2025 election. If approved, the legislature can enact laws to implement this exemption.