proposing a constitutional amendment to authorize the legislature
to exempt from ad valorem taxation equipment or inventory held by a
manufacturer of medical or biomedical products to protect the Texas
healthcare network and strengthen our medical supply chain.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Article VIII, Texas Constitution, is amended by
adding Section 1-x to read as follows:
Sec. 1-x. The legislature by general law may exempt from ad
valorem taxation the tangible personal property held by a
manufacturer of medical or biomedical products as a finished good
or used in the manufacturing or processing of medical or biomedical
products.
SECTION 2. This proposed constitutional amendment shall be
submitted to the voters at an election to be held November 7, 2023.
The ballot shall be printed to permit voting for or against the
proposition: "The constitutional amendment to authorize the
legislature to exempt from ad valorem taxation equipment or
inventory held by a manufacturer of medical or biomedical products
to protect the Texas healthcare network and strengthen our medical
supply chain."