![\"\"](\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/11\/GettyImages-1225249173.jpg\")
article <\/p>\n article <\/p>\n
The word “TAXES” is seen on the facade of the Internal Revenue Service building in Washington on Tuesday, July 7, 2020. (Photo By Bill Clark\/CQ-Roll Call, Inc via Getty Images) <\/p>\n
Texas voters approved Proposition 9 on Tuesday which allows businesses to exempt up to $125,000 of inventory or equipment from taxes.<\/p>\n
The tax break would prevent the business from being taxed by school districts, cities, counties or any other taxing entity.<\/p>\n
HJR 1<\/a> allows the legislature to exempt up to $125,000 of the market value of income-producing personal property from property taxes.<\/p>\n Currently, businesses are exempt from paying taxes on that property if it is worth $2,500 or less.<\/p>\n Ballot language:<\/p>\n “The 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.”<\/p>\n Under the amendment, the state would be responsible for lost tax revenue to school districts.<\/p>\n The Source: Information in this article comes from the Texas Secretary of State’s Office. Information on the resolution comes from the Texas Legislature.<\/p>\n Election<\/a>Texas<\/a>Business<\/a>Texas Politics<\/a>Politics<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"article The word “TAXES” is seen on the facade of the Internal Revenue Service building in Washington on…\n","protected":false},"author":2,"featured_media":35923,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[910,409,116,118,117,287,216,395,393],"class_list":{"0":"post-35922","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-fort-worth","8":"tag-business","9":"tag-election","10":"tag-fort-worth","11":"tag-fort-worth-headlines","12":"tag-fort-worth-news","13":"tag-politics","14":"tag-tx","15":"tag-tx-politics","16":"tag-us"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/35922","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=35922"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/35922\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/35923"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=35922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=35922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=35922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}