Bill Text: TX SB138 | 2023-2024 | 88th Legislature | Introduced


Bill Title: Relating to the effect of the category of the motor vehicle dealer general distinguishing number issued by the Texas Department of Motor Vehicles and held by a person on the appraisal for ad valorem tax purposes of the person's motor vehicle inventory.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2023-04-18 - Left pending in committee [SB138 Detail]

Download: Texas-2023-SB138-Introduced.html
  88R819 DRS-F
 
  By: West S.B. No. 138
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the effect of the category of the motor vehicle dealer
  general distinguishing number issued by the Texas Department of
  Motor Vehicles and held by a person on the appraisal for ad valorem
  tax purposes of the person's motor vehicle inventory.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 23.121(d), Tax Code, is amended to read
  as follows:
         (d)  Except for dealer's motor vehicle inventory, personal
  property held by a dealer is appraised as provided by other sections
  of this code. Notwithstanding any other provision of this section
  [In the case of a dealer whose sales from dealer's motor vehicle
  inventory are made predominately to dealers], the chief appraiser
  shall appraise a [the] dealer's motor vehicle inventory as provided
  by Section 23.12 of this code if the dealer holds a wholesale motor
  vehicle dealer general distinguishing number issued by the Texas
  Department of Motor Vehicles under Chapter 503, Transportation
  Code, and does not hold any other category of dealer general
  distinguishing number issued by the department.
         SECTION 2.  The change in law made by this Act applies only
  to an ad valorem tax year that begins on or after the effective date
  of this Act.
         SECTION 3.  This Act takes effect January 1, 2024.
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