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Senate Bill 58 |
Senate Author: Zaffirini |
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Effective: 9-1-19 |
House Sponsor: Bohac |
Senate Bill 58 amends the Tax Code to exempt a motor vehicle that is subject to a lease from property taxation if the lessee does not hold the vehicle for the production of income and the vehicle is leased to the state or a political subdivision of the state or, under certain conditions, to an organization that is exempt from federal income taxation as a 501(c)(3) charitable organization.