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.