Bill Text: TX HB275 | 2015-2016 | 84th Legislature | Enrolled
Bill Title: Relating to the exemption from ad valorem taxation of farm products.
Spectrum: Partisan Bill (Republican 5-0)
Status: (Passed) 2015-05-23 - Effective on 1/1/16 [HB275 Detail]
Download: Texas-2015-HB275-Enrolled.html
H.B. No. 275 |
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relating to the exemption from ad valorem taxation of farm | ||
products. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Sections 11.16(a) and (c), Tax Code, are amended | ||
to read as follows: | ||
(a) A producer is entitled to an exemption from taxation of | ||
the farm products that the producer [ |
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nursery product, as defined by Section 71.041, Agriculture Code, is | ||
a farm product for purposes of this section if it is in a growing | ||
state. An egg, as defined by Section 132.001, Agriculture Code, is | ||
a farm product for purposes of this section, regardless of whether | ||
the egg is packaged. | ||
(c) For purposes of this exemption, the following | ||
definitions apply: | ||
(1) "Farm products" include livestock, poultry, and | ||
timber. | ||
(2) "In the hands of the producer," for livestock, | ||
[ |
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is financially providing for the physical requirements of such | ||
livestock, [ |
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for timber, means standing timber or timber that has been harvested | ||
and, on January 1 of the tax year, is located on the real property on | ||
which it was produced and is under the ownership of the person who | ||
owned the timber when it was standing. | ||
SECTION 2. This Act applies only to ad valorem taxes imposed | ||
for a tax year that begins on or after the effective date of this | ||
Act. | ||
SECTION 3. This Act takes effect January 1, 2016. | ||
______________________________ | ______________________________ | |
President of the Senate | Speaker of the House | |
I certify that H.B. No. 275 was passed by the House on April | ||
22, 2015, by the following vote: Yeas 142, Nays 0, 2 present, not | ||
voting. | ||
______________________________ | ||
Chief Clerk of the House | ||
I certify that H.B. No. 275 was passed by the Senate on May | ||
12, 2015, by the following vote: Yeas 30, Nays 0. | ||
______________________________ | ||
Secretary of the Senate | ||
APPROVED: _____________________ | ||
Date | ||
_____________________ | ||
Governor |