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.