|
House Bill 3727 |
House Author: Hilderbran et al. |
|
Effective: 9-1-11 |
Senate Sponsor: Uresti |
House Bill 3727 amends the Tax Code to establish a legislative finding regarding the lack of information reliably establishing the market value of temporary production aircraft and to address that finding by specifying the method to be used in determining the appraised value of such aircraft for property tax purposes. The bill requires the chief appraiser to determine the appraised value of temporary production aircraft to be 10 percent of the aircraft's list price as of January 1.