By: Martinez Fischer H.B. No. 3253
A BILL TO BE ENTITLED
AN ACT
relating to ad valorem tax relief for certain commercial aircraft
temporarily located in this state for manufacturing or assembly
purposes.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter A, Chapter 23, Tax code, is amended by
adding section Sec. 23.1211 to read as follows:
Sec. 23.1211. TEMPORARY PRODUCTION AIRCRAFT VALUE. (a) In
this section, "temporary production aircraft" means a transport
category aircraft as defined in the Federal Aviation Regulations:
(1) temporarily held in the state;
(2) with respect to which a Federal Aviation
Administration Special Airworthiness Certificate has been issued;
and
(3) that is operated pursuant to a Federal Aviation
Administration Special Flight Permit.
(4) for purposes of this section, temporary production
aircraft shall have a maximum takeoff weight of at least 145,000
pounds.
(b) In this section, "maximum takeoff weight" means the
maximum takeoff weight listed in the aircraft's Type Certificate
Data Sheet for the lowest rated configuration or, to the extent
that the aircraft does not yet have a Type Certificate Data Sheet,
then the maximum takeoff weight target published by the
manufacturer.
(c) In this section, "list price" means the price listed in
the most recently published edition of the International Bureau of
Aviation Aircraft Values Book.
(d) For purpose of the computation of property tax, the
chief appraiser shall determine the market value of temporary
production aircraft on January 1 to be ten percent of such published
list price.
SECTION 2. Section 23.1211, Tax Code, as added by this Act,
applies only to an ad valorem tax year that begins on or after
January 1, 2012.