Bill > HJR145

This joint resolution proposes a constitutional amendment to exempt all 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, with a specific provision that allows continued taxation of certain property if an existing debt was previously pledged against those tax revenues. Specifically, if a tax on tangible personal property was pledged for debt payment before January 1, 2026, tax authorities can continue to levy and collect taxes at the same rate until the debt is discharged. The resolution also makes consequential amendments to other sections of the constitution related to property taxation, repeals several existing constitutional provisions about property tax exemptions, and includes a temporary provision specifying the amendment's effective date. The proposed amendment will be submitted to voters in a November 4, 2025 election, with ballot language asking voters to approve exempting all tangible personal property from ad valorem taxation. If approved, the amendment would provide a comprehensive exemption for personal property taxes starting in 2026.

Budget and Finance

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HJR145