SWB C.S.S.B. 1153 75(R)BILL ANALYSIS WAYS & MEANS C.S.S.B. 1153 By: Brown (Heflin) 5-23-97 Committee Report (Substituted) BACKGROUND During the 74th Legislature, HB 2940 by Heflin amended the Property Tax Code to provide certain appraisal procedures for boats and outboard motors held in inventory by Texas boat dealers. That legislation contained an erroneous reference in the enforcement section. Also it left the method of appraising the dealer's boat trailer inventory unclear. PURPOSE The bill corrects the statutory enforcement reference, and further clarifies to whom it is applicable. It also includes the definition of boat trailers into this section of the Tax Code, thereby unifying appraisal methods for boat dealer's inventory. RULEMAKING AUTHORITY It is the committee's opinion that this bill does not expressly grant any additional rulemaking authority to a state officer, department, agency or institution. SECTION BY SECTION ANALYSIS SECTION 1.Amends Subdivisions (11) and (14) and adds Subdivision (15) to Section 23.12D(a), Tax Code (Dealer's Vessel and Outboard Motor Inventory; Value), to treat boat trailers similarly for property tax purposes. SECTION 2.Amends subsection (j) of Section 23.12D, Tax Code (Dealer's Vessel and Outboard Motor Inventory; Value), to change the reference from Subsection (h) to (g) and changes "person" to "dealer" to further clarify intent. SECTION 3. Effective date of January 1, 1998. SECTION 4. Emergency clause. COMPARISON OF ORIGINAL TO SUBSTITUTE C.S.S.B. 1153 adds boat trailers to the definition of "sales price," and gives further definition to the term "vessel," by defining "Trailer treated as vessel".