TX HJR66

Proposes amending Article VIII, Section 1(g) of the Texas Constitution to authorize the legislature to exempt income-producing tangible personal property from ad valorem (property) taxation for a specified period of time

Expands legislative authority by changing exemption criteria from property below a minimum value threshold to either time-limited exemptions OR value-based exemptions at amounts specified by the legislature

Removes existing requirement that value thresholds be tied to recovering administrative costs of tax collection

Requires voter approval at an election to be held November 4, 2025

Ballot language would read: "The constitutional amendment authorizing the legislature to exempt from ad valorem taxation income-producing tangible personal property for a certain period of time"