By: Menendez, et al. (Senate Sponsor - Uresti) H.B. No. 1348
(In the Senate - Received from the House April 22, 2013;
April 29, 2013, read first time and referred to Committee on
Finance; May 15, 2013, reported favorably by the following vote:
Yeas 13, Nays 1; May 15, 2013, sent to printer.)
A BILL TO BE ENTITLED
AN ACT
relating to the taxation of certain tangible personal property
located inside a defense base development authority.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 379B.011, Local Government Code, is
amended by adding Subsections (c), (d), and (e) to read as follows:
(c) A commercial aircraft to be used as an instrumentality
of commerce that is under construction inside the authority is
presumed to be in interstate, international, or foreign commerce
and not located in this state for longer than a temporary period for
purposes of Sections 11.01 and 21.02, Tax Code.
(d) Tangible personal property located inside the authority
is presumed to be in interstate, international, or foreign commerce
and not located in this state for longer than a temporary period for
purposes of Sections 11.01 and 21.02, Tax Code, if the owner
demonstrates to the chief appraiser for the appraisal district in
which the authority is located that the owner intends to
incorporate the property into or attach the property to a
commercial aircraft described by Subsection (c).
(e) In this section, "commercial aircraft" means an
aircraft under construction that is designed to be used as
described by Section 21.05(e), Tax Code.
SECTION 2. The change in law made by this Act applies only
to ad valorem taxes imposed for a tax year beginning on or after the
effective date of this Act.
SECTION 3. This Act takes effect January 1, 2014.
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