Bill > SJR81

This joint resolution proposes a constitutional amendment to modify property taxation in Texas by allowing the state legislature to exempt $25,000 of the market value of tangible personal property used for income production from ad valorem taxation. Ad valorem taxation refers to property taxes calculated based on the assessed market value of the property. Currently, the constitution limits exemptions for such property, but this amendment would provide a clear $25,000 exemption for income-producing personal property. The proposed amendment would be submitted to Texas voters for approval at the November 4, 2025 election, with ballot language explaining the proposed change. If approved, this amendment would give the state legislature the authority to provide a standard tax exemption for certain income-generating personal property, potentially reducing tax burdens for businesses and individuals who own such assets.

Budget and Finance, Government Affairs

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=SJR81