Bill Text: TX HB3241 | 2023-2024 | 88th Legislature | Comm Sub
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to the exemption from ad valorem taxation of certain assets used for agricultural production and to the authority of a county commissioners court to adopt an exemption from ad valorem taxation by each taxing unit that taxes the property of the portion of the appraised value of a person's property that is attributable to the installation in or on the property of certain water conservation systems.
Spectrum: Partisan Bill (Republican 5-0)
Status: (Engrossed - Dead) 2023-05-11 - Referred to Local Government [HB3241 Detail]
Download: Texas-2023-HB3241-Comm_Sub.html
Bill Title: Relating to the exemption from ad valorem taxation of certain assets used for agricultural production and to the authority of a county commissioners court to adopt an exemption from ad valorem taxation by each taxing unit that taxes the property of the portion of the appraised value of a person's property that is attributable to the installation in or on the property of certain water conservation systems.
Spectrum: Partisan Bill (Republican 5-0)
Status: (Engrossed - Dead) 2023-05-11 - Referred to Local Government [HB3241 Detail]
Download: Texas-2023-HB3241-Comm_Sub.html
By: Guillen | H.B. No. 3241 |
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relating to the exemption of certain assets used for agricultural | ||
production from property taxes. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 11, Tax Code, is amended by adding | ||
section 11.162 to read as follows: | ||
Sec. 11.162. FARM PRODUCTION INPUTS. (a) A producer is | ||
entitled to an exemption from taxation of any resources that the | ||
producer utilizes for the purpose of production. | ||
(b) Farm production inputs in the hands of the producer are | ||
exempt. | ||
(c) For purposes of this exemption, the following | ||
definitions apply: | ||
(1) "Farm production inputs" include seeds, weaned | ||
animals, fertilizer, pesticides, feed, and any other resources that | ||
are necessary to produce crops, fruit, flowers, and other products | ||
of the soil, or farm products defined in section 11.16. | ||
(2) "In the hands of the producer," means under the | ||
ownership of the person who is utilizing farm production inputs | ||
such as seeds, weaned animals, fertilizer, pesticides, feed, and | ||
any resources necessary to begin production, on January 1 of the tax | ||
year for the purpose of producing crops, fruits, flowers, and other | ||
products of the soil, or farm products defined by section 11.16. | ||
SECTION 2. This Act takes effect September 1, 2023 |