TX HJR142

Proposes a constitutional amendment to prohibit all political subdivisions in Texas from imposing ad valorem (property) taxes for any purpose beginning January 1, 2030

Creates an exception allowing political subdivisions to continue collecting ad valorem taxes after January 1, 2030 solely to repay principal and interest on bonds or obligations issued before that date that were secured by property tax revenue

Restricts any property tax revenue collected under the exception to be used exclusively for debt repayment purposes until those obligations are fully paid

Requires the proposed constitutional amendment to be submitted to Texas voters at an election on November 4, 2025

Amends Section 1, Article VIII of the Texas Constitution by adding new Subsections (k) and (l)