Bill Text: TX HB3253 | 2011-2012 | 82nd Legislature | Introduced
Bill Title: Relating to ad valorem tax relief for certain commercial aircraft temporarily located in this state for manufacturing or assembly purposes.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2011-04-04 - Left pending in committee [HB3253 Detail]
Download: Texas-2011-HB3253-Introduced.html
By: Martinez Fischer | H.B. No. 3253 |
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relating to ad valorem tax relief for certain commercial aircraft | ||
temporarily located in this state for manufacturing or assembly | ||
purposes. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Subchapter A, Chapter 23, Tax code, is amended by | ||
adding section Sec. 23.1211 to read as follows: | ||
Sec. 23.1211. TEMPORARY PRODUCTION AIRCRAFT VALUE. (a) In | ||
this section, "temporary production aircraft" means a transport | ||
category aircraft as defined in the Federal Aviation Regulations: | ||
(1) temporarily held in the state; | ||
(2) with respect to which a Federal Aviation | ||
Administration Special Airworthiness Certificate has been issued; | ||
and | ||
(3) that is operated pursuant to a Federal Aviation | ||
Administration Special Flight Permit. | ||
(4) for purposes of this section, temporary production | ||
aircraft shall have a maximum takeoff weight of at least 145,000 | ||
pounds. | ||
(b) In this section, "maximum takeoff weight" means the | ||
maximum takeoff weight listed in the aircraft's Type Certificate | ||
Data Sheet for the lowest rated configuration or, to the extent | ||
that the aircraft does not yet have a Type Certificate Data Sheet, | ||
then the maximum takeoff weight target published by the | ||
manufacturer. | ||
(c) In this section, "list price" means the price listed in | ||
the most recently published edition of the International Bureau of | ||
Aviation Aircraft Values Book. | ||
(d) For purpose of the computation of property tax, the | ||
chief appraiser shall determine the market value of temporary | ||
production aircraft on January 1 to be ten percent of such published | ||
list price. | ||
SECTION 2. Section 23.1211, Tax Code, as added by this Act, | ||
applies only to an ad valorem tax year that begins on or after | ||
January 1, 2012. |