| 1 | 1 | | 88R819 DRS-F |
|---|
| 2 | 2 | | By: Bryant H.B. No. 3008 |
|---|
| 3 | 3 | | |
|---|
| 4 | 4 | | |
|---|
| 5 | 5 | | A BILL TO BE ENTITLED |
|---|
| 6 | 6 | | AN ACT |
|---|
| 7 | 7 | | relating to the effect of the category of the motor vehicle dealer |
|---|
| 8 | 8 | | general distinguishing number issued by the Texas Department of |
|---|
| 9 | 9 | | Motor Vehicles and held by a person on the appraisal for ad valorem |
|---|
| 10 | 10 | | tax purposes of the person's motor vehicle inventory. |
|---|
| 11 | 11 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|---|
| 12 | 12 | | SECTION 1. Section 23.121(d), Tax Code, is amended to read |
|---|
| 13 | 13 | | as follows: |
|---|
| 14 | 14 | | (d) Except for dealer's motor vehicle inventory, personal |
|---|
| 15 | 15 | | property held by a dealer is appraised as provided by other sections |
|---|
| 16 | 16 | | of this code. Notwithstanding any other provision of this section |
|---|
| 17 | 17 | | [In the case of a dealer whose sales from dealer's motor vehicle |
|---|
| 18 | 18 | | inventory are made predominately to dealers], the chief appraiser |
|---|
| 19 | 19 | | shall appraise a [the] dealer's motor vehicle inventory as provided |
|---|
| 20 | 20 | | by Section 23.12 of this code if the dealer holds a wholesale motor |
|---|
| 21 | 21 | | vehicle dealer general distinguishing number issued by the Texas |
|---|
| 22 | 22 | | Department of Motor Vehicles under Chapter 503, Transportation |
|---|
| 23 | 23 | | Code, and does not hold any other category of dealer general |
|---|
| 24 | 24 | | distinguishing number issued by the department. |
|---|
| 25 | 25 | | SECTION 2. The change in law made by this Act applies only |
|---|
| 26 | 26 | | to an ad valorem tax year that begins on or after the effective date |
|---|
| 27 | 27 | | of this Act. |
|---|
| 28 | 28 | | SECTION 3. This Act takes effect January 1, 2024. |
|---|