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 | ||
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| 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 | ||
