Proposing a 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.

HJR 211 proposes a constitutional amendment to allow Texas lawmakers to exempt up to $100,000 of the market value of business equipment or tools (tangible personal property) used to generate income from local property taxes. This would primarily affect small business owners and landlords who use such property for income production, as it would reduce their property tax burden. The key provision requires owners to annually report this property to qualify for the exemption. The amendment must be approved by voters in the November 2025 election before taking effect.