Enrolled Bill Summary

House Bill 1712	House Author:  Lozano et al.
Effective:  6-14-13	Senate Sponsor:  Zaffirini

            House Bill 1712 amends the Tax Code to entitle an entity engaged primarily in designing, developing, modifying, enhancing, assembling, operating, deploying, and maintaining an offshore spill response containment system to a property tax exemption for personal property owned or leased by the entity that is used, constructed, acquired, stored, or installed in Texas after January 1, 2013, either as part of such a system or for the development, improvement, storage, deployment, repair, maintenance, or testing of such a system, but only if the entity owns or leases the system and the system is being stored while not in use in a county bordering on the Gulf of Mexico or on an immediately adjacent bay or other body of water.

House Bill 1712 exempts both the sale, lease, rental, storage, use, or other consumption of offshore spill response containment property used by the property's owner or lessee exclusively for its intended purposes and also a service performed exclusively on offshore spill response containment property from the sales and use tax.