Bill > HJR211

This joint resolution proposes a constitutional amendment to modify property taxation rules in Texas by allowing the state legislature to exempt $100,000 of the market value of tangible personal property used for income production. Ad valorem taxation, which refers to property taxes calculated based on the property's assessed value, would be modified to provide this exemption. The amendment requires that the property owner annually render (report) the property to qualify for the tax exemption. If approved by voters in the November 4, 2025 election, this amendment would give the Texas Legislature the authority to implement this tax exemption for income-producing personal property. The ballot language will specifically ask voters whether they support authorizing the legislature to provide this $100,000 exemption for tangible personal property used to generate income, with the condition that the property must be reported annually.

Budget and Finance

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HJR211