| 1 | 1 | | 84R11667 CJC-F |
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| 2 | 2 | | By: Zaffirini S.B. No. 1860 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | A BILL TO BE ENTITLED |
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| 6 | 6 | | AN ACT |
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| 7 | 7 | | relating to the definition of "heavy equipment" for purposes of the |
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| 8 | 8 | | ad valorem taxation of certain dealer's heavy equipment inventory. |
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| 9 | 9 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 10 | 10 | | SECTION 1. Section 23.1241(a)(6), Tax Code, is amended to |
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| 11 | 11 | | read as follows: |
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| 12 | 12 | | (6) "Heavy equipment" means self-propelled, |
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| 13 | 13 | | self-powered, or pull-type equipment, including farm equipment or a |
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| 14 | 14 | | diesel engine, that weighs at least 1,500 pounds and is intended to |
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| 15 | 15 | | be used for agricultural, construction, industrial, maritime, |
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| 16 | 16 | | mining, or forestry uses. The term does not include: |
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| 17 | 17 | | (A) a motor vehicle [that is] required by[: |
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| 18 | 18 | | [(A)] Chapter 501, Transportation Code, to be |
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| 19 | 19 | | titled; [or] |
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| 20 | 20 | | (B) a motor vehicle required by Chapter 502, |
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| 21 | 21 | | Transportation Code, to be registered; or |
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| 22 | 22 | | (C) equipment used for purposes of producing oil |
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| 23 | 23 | | or gas that: |
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| 24 | 24 | | (i) is leased or rented to a person by a |
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| 25 | 25 | | dealer; and |
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| 26 | 26 | | (ii) is of a type designed to not be moved |
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| 27 | 27 | | to a different location during a 12-month period. |
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| 28 | 28 | | SECTION 2. This Act applies only to ad valorem taxes imposed |
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| 29 | 29 | | for a tax year beginning on or after the effective date of this Act. |
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| 30 | 30 | | SECTION 3. This Act takes effect January 1, 2016. |
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