TX SB2907

Creates a new ad valorem (property) tax exemption for perishable inventory held for retail sale, covering the total appraised value of qualifying items

Defines perishable inventory to include fresh produce, meats, poultry, fish, dairy products, bakery items, eggs, packaged/refrigerated/frozen foods, ready-to-eat foods, prescription and nonprescription drugs, and dietary supplements and vitamins (excludes alcohol)

Disqualifies property owners from the exemption if they owe any delinquent taxes to the state or a taxing unit as of January 1 of the tax year

Takes effect January 1, 2026, but only if voters approve a constitutional amendment proposed by the 89th Legislature authorizing this exemption