84R11667 CJC-F
By: Zaffirini S.B. No. 1860
A BILL TO BE ENTITLED
AN ACT
relating to the definition of "heavy equipment" for purposes of the
ad valorem taxation of certain dealer's heavy equipment inventory.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 23.1241(a)(6), Tax Code, is amended to
read as follows:
(6) "Heavy equipment" means self-propelled,
self-powered, or pull-type equipment, including farm equipment or a
diesel engine, that weighs at least 1,500 pounds and is intended to
be used for agricultural, construction, industrial, maritime,
mining, or forestry uses. The term does not include:
(A) a motor vehicle [that is] required by[:
[(A)] Chapter 501, Transportation Code, to be
titled; [or]
(B) a motor vehicle required by Chapter 502,
Transportation Code, to be registered; or
(C) equipment used for purposes of producing oil
or gas that:
(i) is leased or rented to a person by a
dealer; and
(ii) is of a type designed to not be moved
to a different location during a 12-month period.
SECTION 2. 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, 2016.