By Clemons                                            H.B. No. 2007
       74R6767 JD-D
                                 A BILL TO BE ENTITLED
    1-1                                AN ACT
    1-2  relating to the appraisal for ad valorem tax purposes of inventory
    1-3  consisting of certain trailers and semitrailers.
    1-4        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-5        SECTION 1.  Section 23.12A(a)(3), Tax Code, is amended to
    1-6  read as follows:
    1-7              (3)  "Excluded inventory" means that part of an
    1-8  applicable inventory that:
    1-9                    (A)  is included in a transaction consisting of
   1-10  five or more units sold to a single business entity that has a
   1-11  manufacturer's or distributor's fleet identification number
   1-12  authorizing the entity to make fleet purchases;
   1-13                    (B)  is included in a transaction between
   1-14  dealers; <or>
   1-15                    (C)  consists of vehicles classified as medium or
   1-16  heavy duty trucks of 16,000 pounds gross vehicular weight or more;
   1-17  or
   1-18                    (D)  consists of vehicles classified as medium or
   1-19  heavy duty trailers or semitrailers of 16,000 pounds gross vehicle
   1-20  weight or more.
   1-21        SECTION 2.  This Act takes effect January 1, 1996.
   1-22        SECTION 3.  The importance of this legislation and the
   1-23  crowded condition of the calendars in both houses create an
   1-24  emergency and an imperative public necessity that the
    2-1  constitutional rule requiring bills to be read on three several
    2-2  days in each house be suspended, and this rule is hereby suspended.