TX HJR145

Proposes a constitutional amendment to exempt all tangible personal property in Texas from ad valorem (property) taxation, effective January 1, 2026

Allows tax authorities to continue collecting ad valorem taxes on tangible personal property if those taxes were pledged for debt payment before January 1, 2026, until the debt is discharged

Removes railroad rolling stock from ad valorem taxation, limiting railroad property taxes to real property (roadbed and fixtures) only

Repeals multiple existing constitutional provisions related to tangible personal property taxation, including Sections 1(d), (e), (g), 1-i, 1-j, 1-n, 1-p, 1-x, 19, and 19a of Article VIII

Requires voter approval at an election on November 4, 2025, with the amendment applying only to taxes imposed on or after January 1, 2026