Bill
SB 32
Relating to an exemption from ad valorem taxation of a portion of the appraised value of tangible personal property that is held or used for the production of income and a franchise tax credit for the payment of certain related ad valorem taxes.
89th Legislature (2025)
Introduced by Paul Bettencourt and 9 co-sponsors
Texas bill creates property tax exemption on business equipment and machinery with franchise tax credits to offset local revenue losses and reduce business operational costs.
Referred to Ways & Means
#business&commerce--general(i0050)
#comptrollerofpublicaccounts(v2608)
#propertyinterests--personalproperty(i0600)
#taxation--franchise(i0807)
#taxation--property-appraisals&appraisaldistricts(i0792)
#taxation--property-exemptions(i0793)