| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | By: Turner H.B. No. 4741 | |
| 2 | 2 | ||
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | ||
| 6 | 6 | A BILL TO BE ENTITLED | |
| 7 | 7 | AN ACT | |
| 8 | 8 | relating to the allocation of taxable value of certain certificated | |
| 9 | 9 | air carriers. | |
| 10 | 10 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 11 | 11 | SECTION 1. Section 21.05 (e)(3), Tax Code, is amended to | |
| 12 | 12 | read as follows: | |
| 13 | 13 | (3) operated by a certificated air carrier. A | |
| 14 | 14 | certificated air carrier is either: | |
| 15 | 15 | (a) one engaged in interstate or intrastate | |
| 16 | 16 | commerce under authority of the U.S. Department of Transportation; | |
| 17 | 17 | or | |
| 18 | 18 | (b) one engaged in interstate or intrastate | |
| 19 | 19 | commerce under authority of the U.S. Department of Transportation | |
| 20 | 20 | and a fractional aircraft operator that operates aircraft under 14 | |
| 21 | 21 | CFR Part 91 subpart K or 14 CFR Part 135. | |
| 22 | 22 | SECTION 2. This Act takes effect September 1, 2025. |