1-1 By: Kuempel (Senate Sponsor - Ratliff) H.B. No. 467
1-2 (In the Senate - Received from the House May 15, 1995;
1-3 May 17, 1995, read first time and referred to Committee on Finance;
1-4 May 25, 1995, reported favorably by the following vote: Yeas 8,
1-5 Nays 0; May 25, 1995, sent to printer.)
1-6 A BILL TO BE ENTITLED
1-7 AN ACT
1-8 relating to taxation of fuel used in the repair of rolling stock.
1-9 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-10 SECTION 1. Section 151.331, Tax Code, is amended to read as
1-11 follows:
1-12 Sec. 151.331. ROLLING STOCK; TRAIN FUEL AND SUPPLIES.
1-13 (a) Rolling stock, locomotives, and fuel and supplies essential to
1-14 the operation of locomotives and trains are exempted from the taxes
1-15 imposed by this chapter.
1-16 (b) Electricity, natural gas, and other fuels used or
1-17 consumed predominately in the repair, maintenance, or restoration
1-18 of rolling stock are exempt from the taxes imposed by this chapter.
1-19 SECTION 2. (a) This Act takes effect October 1, 1995.
1-20 (b) The change in law made by this Act does not affect tax
1-21 liability accruing before the effective date of this Act. That
1-22 liability continues in effect as if this Act had not been enacted,
1-23 and the former law is continued in effect for the collection of
1-24 taxes due and for civil and criminal enforcement of the liability
1-25 for those taxes.
1-26 SECTION 3. The importance of this legislation and the
1-27 crowded condition of the calendars in both houses create an
1-28 emergency and an imperative public necessity that the
1-29 constitutional rule requiring bills to be read on three several
1-30 days in each house be suspended, and this rule is hereby suspended.
1-31 * * * * *