TX SJR81

Proposes amending Article VIII, Section 1(g) of the Texas Constitution to authorize the legislature to exempt $25,000 of the market value of tangible personal property held or used for the production of income from ad valorem (property) taxation

Replaces the current exemption standard, which only allowed exemption for property with taxable value below the minimum amount needed to recover tax administration costs

Applies to business personal property such as equipment, inventory, and other tangible assets used to generate income

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

The constitutional amendment would give the legislature authority to enact the exemption through general law, but does not automatically create the exemption