Proposition Prop. 12 - The constitutional amendment authorizing the legislature to exempt from ad valorem taxation personal property and mineral interests having a value insufficient to recover the administrative costs of collecting the taxes.
Outcome: Adopted
Election date: 11/07/1995
Votes for: 495,144
Votes against: 213,178
Enabling legislation
HB 366 (74 R.S.) Relating to the exemption from ad valorem taxation of income-producing tangible personal property and mineral interests having a value of less than a certain amount.
Articles affected
Article 8 :
Amends
§1
(d) Adds
§1
(g) Adds
§1
(h)
Analyses of proposed amendments:
House Research Organization Amendments Proposed for the November 7, 1995 election.
Texas Legislative Council Analyses of Proposed Constitutional Amendments for the November 7, 1995 election.
Effective dates
Unless otherwise specified, an amendment takes effect as part of the constitution on the date of the official canvass of election returns showing adoption of the amendment.
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