Bill Text: TX HB826 | 2013-2014 | 83rd Legislature | Engrossed
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to the definitions of certain terms for purposes of the ad valorem taxation of certain dealer's heavy equipment inventory.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Passed) 2013-06-14 - Effective on 1/1/14 [HB826 Detail]
Download: Texas-2013-HB826-Engrossed.html
Bill Title: Relating to the definitions of certain terms for purposes of the ad valorem taxation of certain dealer's heavy equipment inventory.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Passed) 2013-06-14 - Effective on 1/1/14 [HB826 Detail]
Download: Texas-2013-HB826-Engrossed.html
83R18584 SMH-F | ||
By: Harless | H.B. No. 826 |
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relating to the definitions of certain terms for purposes of the ad | ||
valorem taxation of certain dealer's heavy equipment inventory. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Sections 23.1241(a)(1) and (2), Tax Code, are | ||
amended to read as follows: | ||
(1) "Dealer" means a person engaged in the business in | ||
this state of selling, leasing, or renting heavy equipment. The | ||
term does not include a bank, savings bank, savings and loan | ||
association, credit union, or other finance company. In addition, | ||
for purposes of taxation of a person's inventory of heavy equipment | ||
in a tax year, the term does not include a person who renders the | ||
person's inventory of heavy equipment for taxation in that tax year | ||
by filing a rendition statement or property report in accordance | ||
with Chapter 22. | ||
(2) "Dealer's heavy equipment inventory" means all | ||
items of heavy equipment that a dealer holds for sale, lease, or | ||
rent in this state during a 12-month period. | ||
SECTION 2. This Act applies only to ad valorem taxes imposed | ||
for a tax year beginning on or after the effective date of this Act. | ||
SECTION 3. This Act takes effect January 1, 2014. |