Regular Session
Government Affairs & Regulatory Compliance Analysis
HJR 1 initiates a constitutional amendment process to authorize a significant increase in the Business Personal Property (BPP) tax exemption, potentially exempting between $125,000 and $250,000 of tangible personal property market value. This legislation affects all entities holding income-producing assets (inventory, machinery, equipment) but is contingent on voter approval in November 2025 and the passage of enabling legislation (HB 9).
Rep. Morgan Meyer·House Bill·Regular Session
County Appraisal Districts • Texas Comptroller of Public Accounts
This legislation has regulatory implications for the following Texas businesses and organizations:
Standard regulatory changes (effective 2025-05-20). Review during normal business planning.
Affected business types:
lowMinimal cost impact anticipated.
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JD Key Consulting provides strategic guidance on Texas regulatory compliance and legislative impact for your business.
Key implementation requirements and action items for compliance with this legislation
JD Key Consulting specializes in Texas regulatory compliance strategy. Work directly with James Dickey—former Chairman of the Republican Party of Texas—to understand this bill's impact on your operations and develop an actionable compliance plan.
Schedule a ConsultationInformation presented is for general knowledge only and is provided without warranty, express or implied. Consult qualified government affairs professionals and legal counsel before making compliance decisions.
This bill's path through the Texas Legislature
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Common questions about HJR1
HJR 1 initiates a constitutional amendment process to authorize a significant increase in the Business Personal Property (BPP) tax exemption, potentially exempting between $125,000 and $250,000 of tangible personal property market value. This legislation affects all entities holding income-producing assets (inventory, machinery, equipment) but is contingent on voter approval in November 2025 and the passage of enabling legislation (HB 9).
HJR1 was authored by Texas Representative Morgan Meyer during the Regular Session.
HJR1 was signed into law by Governor Greg Abbott on May 20, 2025.
HJR1 is enforced by County Appraisal Districts and Texas Comptroller of Public Accounts.
The regulatory priority for HJR1 is rated as "low". Businesses and organizations should review the legislation to understand potential impacts.
The cost impact of HJR1 is estimated as "low". This may vary based on industry and implementation requirements.
HJR1 addresses topics including business & commerce, business & commerce--general, property interests, property interests--personal property and resolutions.
Key dates for HJR1: Effective date is 2025-05-20. Consult with legal counsel regarding applicability.
HJR1 primarily affects Texas businesses and commercial enterprises, property owners and real estate professionals. These businesses should review the legislation with their legal and compliance teams to understand potential impacts.
JD Key Consulting is an Austin, Texas-based government affairs firm led by James Dickey, former Chairman of the Republican Party of Texas. We specialize in Texas regulatory compliance and legislative strategy for data centers, energy, banking, and manufacturing.
