Bill > HB4083

This bill introduces a new property tax exemption for perishable retail inventory in Texas, specifically covering food products, prescription and non-prescription drugs, and dietary supplements that can spoil or become unfit for consumption. The exemption would apply to the total appraised value of tangible personal property consisting of perishable items held for sale at retail, but would only be available to taxpayers who do not owe any delinquent taxes to the state or local taxing units as of January 1 of the tax year. The definition of "perishable inventory" is broad and includes fresh produce, meats, dairy products, bakery items, eggs, packaged/refrigerated/frozen foods, and items intended for immediate consumption. The bill is contingent upon voter approval of a constitutional amendment and would take effect on January 1, 2026, but only if the related constitutional amendment is approved by voters. If the amendment is not approved, the bill will have no effect, meaning the tax exemption will not be implemented.

Budget and Finance

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB4083