Texas 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.

Status: Referred to Ways & Means (as of 2025-04-22)

State: Texas · Session: 89R · Bill: SB 32

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: Bettencourt, Parker, Blanco, Campbell, Creighton, Hagenbuch, Hancock, Hinojosa, Adam, Kolkhorst, Schwertner

View Texas SB 32 on LegisTrack → — full text, sponsors, votes, campaign finance, and cross-state matches.