| 1 | 1 | | 88R819 DRS-F |
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| 2 | 2 | | By: West S.B. No. 138 |
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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 effect of the category of the motor vehicle dealer |
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| 8 | 8 | | general distinguishing number issued by the Texas Department of |
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| 9 | 9 | | Motor Vehicles and held by a person on the appraisal for ad valorem |
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| 10 | 10 | | tax purposes of the person's motor vehicle inventory. |
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| 11 | 11 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 12 | 12 | | SECTION 1. Section 23.121(d), Tax Code, is amended to read |
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| 13 | 13 | | as follows: |
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| 14 | 14 | | (d) Except for dealer's motor vehicle inventory, personal |
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| 15 | 15 | | property held by a dealer is appraised as provided by other sections |
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| 16 | 16 | | of this code. Notwithstanding any other provision of this section |
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| 17 | 17 | | [In the case of a dealer whose sales from dealer's motor vehicle |
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| 18 | 18 | | inventory are made predominately to dealers], the chief appraiser |
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| 19 | 19 | | shall appraise a [the] dealer's motor vehicle inventory as provided |
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| 20 | 20 | | by Section 23.12 of this code if the dealer holds a wholesale motor |
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| 21 | 21 | | vehicle dealer general distinguishing number issued by the Texas |
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| 22 | 22 | | Department of Motor Vehicles under Chapter 503, Transportation |
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| 23 | 23 | | Code, and does not hold any other category of dealer general |
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| 24 | 24 | | distinguishing number issued by the department. |
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| 25 | 25 | | SECTION 2. The change in law made by this Act applies only |
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| 26 | 26 | | to an ad valorem tax year that begins on or after the effective date |
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| 27 | 27 | | of this Act. |
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| 28 | 28 | | SECTION 3. This Act takes effect January 1, 2024. |
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