By Telford H.B. No. 1398
75R4751 CBH-F
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to the exemption from the sales and use tax of certain
1-3 machinery or equipment used in timber production.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 151.3161(a), Tax Code, is amended to read
1-6 as follows:
1-7 (a) Machinery and [The first $50,000 of the purchase price
1-8 of each unit of machinery or] equipment used exclusively in a
1-9 commercial timber operation to prepare the site, plant, cultivate,
1-10 or harvest timber in the regular course of business are [is]
1-11 exempted from the taxes imposed by this chapter.
1-12 SECTION 2. (a) This Act takes effect on the first day of
1-13 the first calendar quarter beginning on or after the earliest date
1-14 that it may take effect under Section 39, Article III, Texas
1-15 Constitution.
1-16 (b) The change in law made by this Act does not affect taxes
1-17 imposed before the effective date of this Act, and the law in
1-18 effect before that date is continued in effect for purposes of the
1-19 liability for and collection of those taxes.
1-20 SECTION 3. The importance of this legislation and the
1-21 crowded condition of the calendars in both houses create an
1-22 emergency and an imperative public necessity that the
1-23 constitutional rule requiring bills to be read on three several
1-24 days in each house be suspended, and this rule is hereby suspended,
2-1 and that this Act take effect and be in force according to its
2-2 terms, and it is so enacted.