83R9833 CJC-F
By: Menendez H.B. No. 2387
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) and (d) to read as follows:
(c) A commercial product 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 product described by Subsection (c).
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.