Bill Text: TX HB826 | 2013-2014 | 83rd Legislature | Introduced
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-Introduced.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-Introduced.html
83R4850 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. Section 23.1241(a), Tax Code, is amended by | ||
amending Subdivisions (1) and (2) and adding Subdivision (1-a) to | ||
read as follows: | ||
(1) "Business location" or "location at which the | ||
dealer conducts business" does not include a facility that is owned | ||
and controlled by a person who is not a dealer and is used to store | ||
or warehouse heavy equipment. | ||
(1-a) "Dealer" means a person whose primary [ |
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renting heavy equipment and who operates a business location in | ||
this state that is open to the public and at which the person holds | ||
inventory that is available for sale, lease, or rent. | ||
(2) "Dealer's heavy equipment inventory" means all | ||
items of heavy equipment that a dealer owns and holds in the | ||
dealer's physical possession and that are available for sale, | ||
lease, or rent at the dealer's business location 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. |