Bill Text: TX SB758 | 2015-2016 | 84th Legislature | Introduced


Bill Title: Relating to the exemption from ad valorem taxation of certain tangible personal property used by the owner of the property to manufacture, process, or fabricate tangible personal property for ultimate sale.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2015-03-04 - Left pending in committee [SB758 Detail]

Download: Texas-2015-SB758-Introduced.html
  84R6087 TJB-D
 
  By: Bettencourt S.B. No. 758
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the exemption from ad valorem taxation of certain
  tangible personal property used by the owner of the property to
  manufacture, process, or fabricate tangible personal property for
  ultimate sale.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Subchapter B, Chapter 11, Tax Code, is amended by
  adding Section 11.36 to read as follows:
         Sec. 11.36.  PROPERTY USED IN MANUFACTURING. The owner of
  tangible personal property that is exempted from the sales and use
  tax under Section 151.318 is entitled to an exemption from ad
  valorem taxation of the appraised value of the property if the
  property is used by the owner to manufacture, process, or fabricate
  tangible personal property for ultimate sale.
         SECTION 2.  Section 11.43, Tax Code, is amended by adding
  Subsection (q) to read as follows:
         (q)  The application form for an exemption authorized by
  Section 11.36 must require an applicant to submit with the
  application:
               (1)  a copy of the issued exemption certificate
  claiming the exemption under Section 151.318 of the property
  described in the application; or
               (2)  if the applicant is unable to obtain a copy of the
  exemption certificate described by Subdivision (1), a statement
  that the property described in the application is exempted from the
  sales and use tax under Section 151.318.
         SECTION 3.  This Act applies only to an ad valorem tax year
  that begins on or after the effective date of this Act.
         SECTION 4.  This Act takes effect January 1, 2016, but only
  if the constitutional amendment proposed by the 84th Legislature,
  Regular Session, 2015, authorizing the legislature to exempt from
  ad valorem taxation by one or more political subdivisions tangible
  personal property used by the owner of the property to manufacture,
  process, or fabricate tangible personal property for ultimate sale
  is approved by the voters. If that amendment is not approved by the
  voters, this Act has no effect.
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