Section 11.145 - Income-Producing Tangible Personal Property Having Value Of Less Than $2,500(a) A person is entitled to an exemption from taxation of the tangible personal property the person owns that is held or used for the production of income if that property has a taxable value of less than $2,500 . (b) The exemption provided by Subsection (a) applies to each separate taxing unit in which a person holds or uses tangible personal property for the production of income, and, for the purposes of Subsection (a), all property in each taxing unit is aggregated to determine taxable value.Amended by Acts 2021, Texas Acts of the 87th Leg. - Regular Session, ch. 400,Sec. 2, eff. 1/1/2022.Amended by Acts 2021, Texas Acts of the 87th Leg. - Regular Session, ch. 400,Sec. 1, eff. 1/1/2022.Added by Acts 1995, 74th Leg., ch. 296, Sec. 1, eff. 1/1/1996.