Bill > SJR25

This joint resolution proposes a constitutional amendment to exempt tangible personal property from ad valorem taxation (property tax) in Texas, effective January 1, 2026. The amendment modifies the Texas Constitution by removing tangible personal property from taxation requirements, meaning that items like equipment, vehicles, and other movable assets would no longer be subject to annual property taxes. However, the resolution includes a special provision allowing continued taxation of tangible personal property if such taxes are necessary to pay off existing debt obligations that were established before the exemption takes effect. The amendment would repeal several existing constitutional sections related to property taxation and includes a temporary provision that specifies the exemption applies only to taxes imposed on or after January 1, 2026. The proposed change will be submitted to Texas voters in a November 4, 2025 election, with the ballot specifically asking whether all tangible personal property should be exempted from ad valorem taxation. If approved, this amendment would significantly alter the property tax landscape in Texas by removing tax burdens on movable personal property.

Government Affairs

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=SJR25