By: Turner H.B. No. 4741
A BILL TO BE ENTITLED
AN ACT
relating to the allocation of taxable value of certain certificated
air carriers.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 21.05 (e)(3), Tax Code, is amended to
read as follows:
(3) operated by a certificated air carrier. A
certificated air carrier is either:
(a) one engaged in interstate or intrastate
commerce under authority of the U.S. Department of Transportation;
or
(b) one engaged in interstate or intrastate
commerce under authority of the U.S. Department of Transportation
and a fractional aircraft operator that operates aircraft under 14
CFR Part 91 subpart K or 14 CFR Part 135.
SECTION 2. This Act takes effect September 1, 2025.