Bill Text: TX HB2043 | 2011-2012 | 82nd Legislature | Introduced
Bill Title: Relating to the taxation of certain tangible personal property located inside a defense base development authority.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2011-05-06 - Postponed [HB2043 Detail]
Download: Texas-2011-HB2043-Introduced.html
82R10587 CJC-F | ||
By: Menendez | H.B. No. 2043 |
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relating to the taxation of certain tangible personal property | ||
located inside a defense base development authority. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 379B.011, Local Government Code, is | ||
amended by adding Subsections (c), (d), and (e) to read as follows: | ||
(c) A commercial aircraft to be used as an instrumentality | ||
of commerce that is under construction inside the authority is | ||
presumed to be in interstate, international, or foreign commerce | ||
and not located in this state for longer than a temporary period for | ||
purposes of Sections 11.01 and 21.02, Tax Code. | ||
(d) Tangible personal property located inside the authority | ||
is presumed to be in interstate, international, or foreign commerce | ||
and not located in this state for longer than a temporary period for | ||
purposes of Sections 11.01 and 21.02, Tax Code, if the owner | ||
demonstrates to the chief appraiser for the appraisal district in | ||
which the authority is located that the owner intends to | ||
incorporate the property into or attach the property to a | ||
commercial aircraft described by Subsection (c). | ||
(e) In this section, "commercial aircraft" means an | ||
aircraft under construction that is designed to be used as | ||
described by Section 21.05(e), Tax Code. | ||
SECTION 2. The change in law made by 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, 2012. |