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.