The constitutional amendment to authorize the legislature to exempt from ad valorem taxation a portion of the market value of tangible personal property a person owns that is held or used for the production of income.
The 2025 Explanatory Statements for the November 4, 2025 Constitutional Amendment Election document from the Texas Secretary of State website includes the following information:
HJR 1 [Proposition 9] proposes a constitutional amendment to change the amount of tangible personal property held or used for the production of income that the legislature could exempt from property taxes to $125,000 rather than the minimum amount sufficient to recover the costs of property tax administration.
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