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Senate committee advances proposal to raise business personal property exemption to $125,000
Summary
The Committee on Local Government voted to adopt a committee substitute and reported House Bill 9 and House Joint Resolution 1 out of committee; the measure would raise the business personal property exemption from $2,500 to $125,000 and place a constitutional amendment on the November 2025 ballot.
The Committee on Local Government on Monday adopted a committee substitute to House Bill 9 and reported House Joint Resolution 1 to the full Senate, advancing a proposal to raise the business personal property exemption from $2,500 to $125,000 and to seek voter approval of a constitutional amendment to allow the change.
Supporters told the committee the increase would provide targeted relief for small businesses and reduce the cumulative tax burden on items taxed repeatedly. "The hundred $25,000 level is a fair level. It is a meaningful level," said Glenn Hammer, president and CEO of the Texas Association of Business.
Why it matters: The committee substitute would…
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