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House Joint Resolution 133 |
House Author: Harper-Brown et al. |
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For Election: 11-5-13 |
Senate Sponsor: Deuell et al. |
House Joint Resolution 133 proposes an amendment to the state constitution to authorize the governing body of a political subdivision to extend the freeport exemption period during which aircraft parts that are held temporarily in Texas for the sole purpose of assembly, storage, manufacturing, or other processing before being transported out of state may be exempted from property taxes to a date not later than the 730th day after the date the person acquired or imported the aircraft parts in Texas. The resolution limits the application of such an extension to the property tax exemption by the political subdivision adopting the extension and authorizes the legislature by general law to prescribe the manner for extending such a period.