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TX HB5442
Bill
Status
3/14/2025
Primary Sponsor
Diego Bernal
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AI Summary
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Establishes a $100,000 exemption from ad valorem (property) taxation on the appraised value of tangible personal property held or used for income production
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Replaces the existing exemption for income-producing personal property valued under $2,500 with the new $100,000 threshold
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Requires property owners to annually submit a rendition statement under Section 22.01 of the Tax Code to qualify for the exemption
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Takes effect January 1, 2026, contingent upon voter approval of a related constitutional amendment proposed by the 89th Legislature
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Applies only to ad valorem tax years beginning on or after the effective date
Legislative Description
Relating to an exemption from ad valorem taxation of a portion of the appraised value of tangible personal property a person owns that is held or used for the production of income.
Property Interests
Last Action
Referred to Ways & Means
4/7/2025