SB1006 — Relating to the exemption from ad valorem taxation of income-producing tangible personal property having a value of less than a certain amount.

SB1006 — Relating to the exemption from ad valorem taxation of income-producing tangible personal property having a value of less than a certain amount. · Informed CitizenryThis bill amends the Tax Code to provide an exemption from ad valorem taxation for income-producing tangible personal property. The bill increases the taxable value threshold for this exemption fro…Open in Informed Citizenry