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.

SJR 81 proposes a constitutional amendment to allow Texas lawmakers to exempt up to $25,000 of the market value of tangible personal property (like business equipment or vehicles) from property taxes when the property is used to generate income. This would directly affect business owners and individuals who use such property for income-producing activities, such as rental properties or commercial operations. If approved by voters, the amendment would amend the Texas Constitution to authorize this specific tax exemption, requiring legislative action to implement. The bill must be voted on by Texas voters in November 2025 to take effect.