Texas · 89th Legislature (2025) · Bill

SB 32: Relating to an exemption from ad valorem taxation of a portion of the appraised value of tangible personal property that is held or used for the production of income and a franchise tax credit for the payment of certain related ad valorem taxes.

Passed one chamber Last action April 22, 2025: Referred to Ways & Means

Plain-language summary

SB 32 is a bill introduced in the Texas Senate on March 14, 2025. According to its official title, it concerns: Relating to an exemption from ad valorem taxation of a portion of the appraised value of tangible personal property that is held or used for the production of income and a franchise tax credit for the payment of certain related ad valorem taxes. Primary sponsor: Paul Bettencourt (Republican), Tan Parker (Republican). It lists 8 additional sponsors. Most recent recorded action (April 22, 2025): Referred to Ways & Means.

Sponsors

Primary sponsors: Paul Bettencourt (Republican); Tan Parker (Republican). 8 co-sponsors.