By Davis of Dallas H.B. No. 3421 76R8789 JD-D A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to the appraisal of certain motor vehicles for ad valorem 1-3 tax purposes. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Section 23.121(a)(4), Tax Code, is amended to 1-6 read as follows: 1-7 (4) "Dealer's motor vehicle inventory" means all motor 1-8 vehicles held for sale by a dealer. The term does not include a 1-9 motor vehicle that is held for conversion for a dealer by a person 1-10 who holds a converter's license issued by the Motor Vehicle Board 1-11 of the Texas Department of Transportation under the Texas Motor 1-12 Vehicle Commission Code (Article 4413(36), Vernon's Texas Civil 1-13 Statutes). 1-14 SECTION 2. This Act takes effect January 1, 2000, and 1-15 applies to ad valorem taxes imposed in a tax year that begins on or 1-16 after that date. 1-17 SECTION 3. The importance of this legislation and the 1-18 crowded condition of the calendars in both houses create an 1-19 emergency and an imperative public necessity that the 1-20 constitutional rule requiring bills to be read on three several 1-21 days in each house be suspended, and this rule is hereby suspended.