Texas SB 5: 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.

Status: Referred to Ways & Means (as of 2023-04-10)

State: Texas · Session: 88 · Bill: SB 5

Subjects: Business & Commerce--General (I0050), COMPTROLLER OF PUBLIC ACCOUNTS (V2608), Property Interests--Personal Property (I0600), Taxation--Franchise (I0807), Taxation--Property-Appraisals & Appraisal Districts (I0792), Taxation--Property-Exemptions (I0793)

Sponsors: Alvarado, Bettencourt, Blanco, Campbell, Creighton, Flores, Hall, Hancock, Hinojosa, Huffman, Hughes, Johnson, King, Kolkhorst, LaMantia, Menéndez, Middleton, Parker, Paxton, Perry, Schwertner, Sparks, Springer, West, Whitmire

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