SB 730

85(R) - 2017
Senate Finance
Senate Finance
Personal Property
Property taxes

Vote Recommendation

  • Neutral
  • Positive
  • Neutral
  • Neutral
  • Positive


Paul Bettencourt

Bill Caption

Relating to the exemption from ad valorem taxation of income-producing tangible personal property having a value of less than a certain amount.

Fiscal Notes

Estimated Two-year Net Impact to General Revenue Related Funds for SB730, As Introduced: a negative impact of ($10,000) through the biennium ending August 31, 2019.

The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.

Bill Analysis

Under current law, a person is entitled to an exemption from taxation of their personal property if the property is used for the production of income, and has a taxable value of less than $500. SB 730 would extend the exemption from taxation to property that has a taxable value of up to $2,500.

Vote Recommendation Notes

Texas Action supports this bill. SB 730 upholds our principles of property rights, individual liberty, and limited government by raising the exemption threshold available to all property owners. This would give more freedom to the property owners by leaving more money for them to use as they wish. Furthermore, it has been noted that since the $500 threshold was set more than two decades ago, in many cases it costs more to do the appraisal and tax collection than what is actually collected in taxes for such minimally valued property. We support SB 730.