82R14181 T
By: Hardcastle H.B. No. 3138
A BILL TO BE ENTITLED
AN ACT
relating to methods and procedures of ad valorem taxation of heavy
equipment
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 23.1241, Tax Code, is amended by adding
Subsection (k) to read as follows:
(k) This section does not apply to a dealer who has elected
to be subject to Sections 23.12 and 23.1243.
SECTION 2. Subchapter B, Chapter 23, Tax Code, is amended by
adding Section 23.1243 to read as follows:
Sec. 23.1243. ELECTION OF METHOD OF AD VALOREM TAXATION.
(a) A dealer who is otherwise subject to Section 23.1241 may
elect to be subject to Section 23.12 if the dealer complies with the
requirements of this section.
(b) A dealer who elects to be subject to Section 23.12 must
file an application with the chief appraiser in accordance with
that section. Such application must clearly indicate the dealer has
elected to be subject to Section 23.12.
(c) A dealer that elects to be subject to Section 23.12 may
not subsequently elect to be subject to Section 23.1241 until after
the third anniversary of an election under sub-section (b).
SECTION 3. This Act takes effect September 1, 2011.