By Truan S.B. No. 812 75R1131 CBH-D A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to the application of the sales and use tax to tangible 1-3 personal property held for export. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Section 151.307, Tax Code, is amended by adding 1-6 Subsection (e) to read as follows: 1-7 (e) Tangible personal property exported beyond the 1-8 territorial limits of this state on or before the 175th day after 1-9 the date of purchase in this state is presumed to be in the stream 1-10 of export during the period between purchase and export and, unless 1-11 the presumption is overcome, does not lose its exemption as an 1-12 export. Tangible personal property held in this state for more 1-13 than 175 days after the date of purchase is presumed to have been 1-14 stored in this state and not eligible for an exemption as an 1-15 export. 1-16 SECTION 2. (a) This Act takes effect on the first day of 1-17 the first calendar quarter beginning on or after the first date 1-18 that it may take effect under Section 39, Article III, Texas 1-19 Constitution. 1-20 (b) The change in law made by this Act does not affect taxes 1-21 imposed before the effective date of this Act, and the law in 1-22 effect before that date is continued in effect for purposes of the 1-23 liability for and collection of those taxes. 1-24 SECTION 3. The importance of this legislation and the 2-1 crowded condition of the calendars in both houses create an 2-2 emergency and an imperative public necessity that the 2-3 constitutional rule requiring bills to be read on three several 2-4 days in each house be suspended, and this rule is hereby suspended, 2-5 and that this Act take effect and be in force according to its 2-6 terms, and it is so enacted.