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TX HJR1
Joint Resolution
Status
5/20/2025
Primary Sponsor
Morgan Meyer
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AI Summary
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Proposes amending Article VIII, Section 1(g) of the Texas Constitution to authorize the legislature to exempt up to $125,000 of market value of tangible personal property used for income production from ad valorem (property) taxation
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Replaces the current exemption standard, which only allowed exemption for property with taxable value too low to justify administrative costs of collection
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Requires the legislature to enact the exemption through general law rather than making it automatic
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Scheduled for voter approval at an election on November 4, 2025
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Passed the House 132-13 on April 2, 2025, and the Senate unanimously 31-0 on May 14, 2025, with House concurrence on Senate amendments 112-13 on May 19, 2025
Legislative Description
Proposing a constitutional amendment to authorize the legislature to exempt from ad valorem taxation a portion of the market value of tangible personal property a person owns that is held or used for the production of income.
Property Interests
Last Action
Filed with the Secretary of State
5/20/2025