1-1 By: Craddick (Senate Sponsor - Montford) H.B. No. 203
1-2 (In the Senate - Received from the House March 1, 1993;
1-3 March 2, 1993, read first time and referred to Committee on
1-4 Finance; May 19, 1993, reported adversely, with favorable Committee
1-5 Substitute by the following vote: Yeas 13, Nays 0; May 19, 1993,
1-6 sent to printer.)
1-7 COMMITTEE VOTE
1-8 Yea Nay PNV Absent
1-9 Montford x
1-10 Turner x
1-11 Armbrister x
1-12 Barrientos x
1-13 Bivins x
1-14 Ellis x
1-15 Haley x
1-16 Moncrief x
1-17 Parker x
1-18 Ratliff x
1-19 Sims x
1-20 Truan x
1-21 Zaffirini x
1-22 COMMITTEE SUBSTITUTE FOR H.B. No. 203 By: Montford
1-23 A BILL TO BE ENTITLED
1-24 AN ACT
1-25 relating to repealing the tax imposed on the intangible value of
1-26 the transportation operation of certain businesses.
1-27 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-28 SECTION 1. Section 24.01, Tax Code, is amended to read as
1-29 follows:
1-30 Sec. 24.01. Appraisal by Comptroller. The comptroller shall
1-31 appraise for taxation the intangible value of the transportation
1-32 operation in this state of the following businesses:
1-33 (1) <railroads;>
1-34 <(2)> toll roads, toll bridges, and ferries; and
1-35 (2) <(3)> oil pipelines and common carrier pipelines
1-36 engaged in the transportation of oil.
1-37 SECTION 2. Section 24.02(a), Tax Code, is amended to read as
1-38 follows:
1-39 (a) In addition to any reports required by Chapter 22 <or
1-40 Section 24.32 of this code>, a person who on January 1 owns or
1-41 manages and controls as a fiduciary a transportation business
1-42 described by Section 24.01 of this code shall file a property
1-43 information report with the comptroller annually.
1-44 SECTION 3. Section 24.32(a), Tax Code, is amended to read as
1-45 follows:
1-46 (a) In addition to any reports required by Chapter 22 <or
1-47 Section 24.02 of this code>, a person who on January 1 owns or
1-48 manages and controls as a fiduciary any rolling stock used in the
1-49 operation of a railroad shall file a property information report
1-50 listing the rolling stock with the chief appraiser for the county
1-51 in which the owner maintains his principal place of business in
1-52 this state.
1-53 SECTION 4. The change in law made by this Act does not apply
1-54 to, and the former law is continued in effect for purposes of:
1-55 (1) the appraisal or allocation of property omitted
1-56 from taxation in the 1992 or 1993 tax year or the taxation of that
1-57 property for either year; or
1-58 (2) the collection and enforcement of ad valorem taxes
1-59 imposed before January 1, 1994.
1-60 SECTION 5. This Act takes effect January 1, 1994.
1-61 SECTION 6. The importance of this legislation and the
1-62 crowded condition of the calendars in both houses create an
1-63 emergency and an imperative public necessity that the
1-64 constitutional rule requiring bills to be read on three several
1-65 days in each house be suspended, and this rule is hereby suspended.
1-66 * * * * *
1-67 Austin,
1-68 Texas
2-1 May 19, 1993
2-2 Hon. Bob Bullock
2-3 President of the Senate
2-4 Sir:
2-5 We, your Committee on Finance to which was referred H.B. No. 203,
2-6 have had the same under consideration, and I am instructed to
2-7 report it back to the Senate with the recommendation that it do not
2-8 pass, but that the Committee Substitute adopted in lieu thereof do
2-9 pass and be printed.
2-10 Montford,
2-11 Chairman
2-12 * * * * *
2-13 WITNESSES
2-14 No witnesses appeared on H.B. No. 203.