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A JOINT RESOLUTION
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proposing a constitutional amendment authorizing the governing |
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bodies of certain political subdivisions to exempt from ad valorem |
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taxation the real and tangible personal property of businesses |
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during an initial period of operation in this state. |
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BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Article VIII, Texas Constitution, is amended by |
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adding Section 1-s to read as follows: |
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Sec. 1-s. (a) The governing body of a political subdivision |
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may exempt from ad valorem taxation the real and tangible personal |
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property of a business during the first 10 years that the business |
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operates in this state if: |
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(1) the business first begins operating in this state |
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on or after January 1, 2018; and |
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(2) the property is located in a county with a |
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population of 250,000 or less. |
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(b) The legislature by general law may provide additional |
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eligibility requirements for an exemption authorized by this |
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section. |
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SECTION 2. The following temporary provision is added to |
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the Texas Constitution: |
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TEMPORARY PROVISION. (a) This temporary provision applies |
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to the constitutional amendment proposed by the 85th Legislature, |
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Regular Session, 2017, authorizing the governing bodies of certain |
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political subdivisions to exempt from ad valorem taxation the real |
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and tangible personal property of businesses during an initial |
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period of operation in this state. |
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(b) Section 1-s, Article VIII, of this constitution takes |
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effect January 1, 2018, and applies only to a tax year beginning on |
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or after that date. |
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(c) This temporary provision expires January 1, 2019. |
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SECTION 3. This proposed constitutional amendment shall be |
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submitted to the voters at an election to be held November 7, 2017. |
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The ballot shall be printed to permit voting for or against the |
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proposition: "The constitutional amendment authorizing the |
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governing bodies of certain political subdivisions to exempt from |
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ad valorem taxation the real and tangible personal property of |
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businesses during an initial period of operation in this state." |