Election: Nov. 4, 2025 (General)
Outcome: Passed
Categories:
Housing and PropertyThe 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.
Section 1
(g) The Legislature by general law may exempt from ad valorem taxation $125,000 of the market value of tangible personal property that is held or used for the production of income.