Medical Tax Exemption for Equipment, Inventory Voted to be Authorized by Texas Legislature

The Texas Legislature voted for an amendment that would authorize medical tax exemption on equipment and inventory. In addition, the legislature also passed the Senate Bill 2289 which would be effective once the amendment is passed.

The Texas State Legislature voted for a constitutional amendment that would authorize a medical tax exemption on equipment and inventory manufactured by companies. This amendment was authored by Republican Senator Joan Huffman and proposed as the Senate Joint Resolution 87 (SJR 87) last March 10.

According to Huber, on April 13, the Texas Senate passed the SJR 87 with 26-4 votes, while on May 17, the Texas House passed the resolution with 125-10 votes. Reportedly, the medical tax exemption is the fifth amendment to be sent to the November ballot. The four other amendments include the issuance of bonds for conservation districts in the county of El Paso, the right to ranching and farming, increasing the required retirement age for Texas judges and justices, and terminating the office of the treasurer of Galveston County.

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If the Medical Tax Exemption is Passed

According to Antram, the Texas legislature also passed the Senate Bill 2289 (SB 2289) which would be effective if the medical tax exemption is passed in November this year. Reportedly, SB 2289 would include medical and biomedical properties that are tangible and can be stored, consumed, or used in the processing or manufacturing of products. These properties include devices, instruments, implants, therapeutics, pharmaceuticals, personal protective equipment, and manufacturing inventories.

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