84R12185 BEF-D
By: Bettencourt S.B. No. 1782
A BILL TO BE ENTITLED
AN ACT
relating to the status of separate legal entities for purposes of
the sales and use tax on aircraft.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter B, Chapter 151, Tax Code, is amended
by adding Section 151.030 to read as follows:
Sec. 151.030. SEPARATE LEGAL ENTITY STATUS IN RELATION TO
AIRCRAFT. In relation to the application of the sales and use tax
to an aircraft, the comptroller shall respect a sale, lease,
rental, or other transaction between a legal entity and its owners
or another legal entity to the same extent as a transaction between
unrelated persons.
SECTION 2. This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2015.