Bill Text: TX HB3727 | 2011-2012 | 82nd Legislature | Enrolled


Bill Title: Relating to the appraisal for ad valorem tax purposes of certain commercial aircraft that are temporarily located in this state for manufacturing or assembly purposes.

Spectrum: Slight Partisan Bill (Democrat 2-1)

Status: (Passed) 2011-06-17 - Effective on 9/1/11 [HB3727 Detail]

Download: Texas-2011-HB3727-Enrolled.html
 
 
  H.B. No. 3727
 
 
 
 
AN ACT
  relating to the appraisal for ad valorem tax purposes of certain
  commercial aircraft that are temporarily located in this state for
  manufacturing or assembly purposes.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Subchapter B, Chapter 23, Tax Code, is amended by
  adding Section 23.1211 to read as follows:
         Sec. 23.1211.  TEMPORARY PRODUCTION AIRCRAFT; VALUE. (a)
  In this section:
               (1)  "List price" means the value of an aircraft as
  listed in the most recent edition of the International Bureau of
  Aviation Aircraft Values Book.
               (2)  "Maximum takeoff weight" means the maximum takeoff
  weight listed in the aircraft's type certificate data sheet for the
  lowest rated configuration or, if the aircraft does not have a type
  certificate data sheet, the maximum takeoff weight target as
  published by the aircraft's manufacturer.
               (3)  "Temporary production aircraft" means an
  aircraft:
                     (A)  that is a transport category aircraft as
  defined by federal aviation regulations;
                     (B)  for which a Federal Aviation Administration
  special airworthiness certificate has been issued;
                     (C)  that is operated under a Federal Aviation
  Administration special flight permit;
                     (D)  that has a maximum takeoff weight of at least
  145,000 pounds; and
                     (E)  that is temporarily located in this state for
  purposes of manufacture or assembly.
         (b)  The chief appraiser shall determine the appraised value
  of temporary production aircraft to be 10 percent of the aircraft's
  list price as of January 1.
         (c)  The legislature finds that there is a lack of
  information that reliably establishes the market value of temporary
  production aircraft. Accordingly, the legislature has enacted this
  section to specify the method to be used in determining the
  appraised value of such aircraft.
         
         SECTION 2.  The change in law made by Section 23.1211, Tax
  Code, as added by this Act, applies only to ad valorem taxes imposed
  for a tax year beginning on or after January 1, 2012.
         SECTION 3.  This Act takes effect September 1, 2011.
 
 
  ______________________________ ______________________________
     President of the Senate Speaker of the House     
 
 
         I certify that H.B. No. 3727 was passed by the House on May
  10, 2011, by the following vote:  Yeas 143, Nays 0, 2 present, not
  voting; and that the House concurred in Senate amendments to H.B.
  No. 3727 on May 24, 2011, by the following vote:  Yeas 143, Nays 0,
  2 present, not voting.
 
  ______________________________
  Chief Clerk of the House   
 
         I certify that H.B. No. 3727 was passed by the Senate, with
  amendments, on May 21, 2011, by the following vote:  Yeas 31, Nays
  0.
 
  ______________________________
  Secretary of the Senate   
  APPROVED: __________________
                  Date       
   
           __________________
                Governor       
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