By Duncan S.J.R. No. 6 77R2662 JD-D A JOINT RESOLUTION 1-1 proposing a constitutional amendment to exempt from ad valorem 1-2 taxation tangible personal property held at certain locations only 1-3 temporarily for assembling, manufacturing, processing, or other 1-4 commercial purposes. 1-5 BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-6 SECTION 1. Article VIII, Texas Constitution, is amended by 1-7 adding Section 1-n to read as follows: 1-8 Sec. 1-n. (a) To promote economic development in this 1-9 state, goods, wares, merchandise, other tangible personal property, 1-10 and ores, other than oil, natural gas, and other petroleum 1-11 products, are exempt from ad valorem taxation if: 1-12 (1) the property is acquired in or imported into this 1-13 state to be forwarded to another location in this state or outside 1-14 this state, whether the intention to forward the property to 1-15 another location in this state or outside this state is formed or 1-16 the destination to which the property is forwarded is specified 1-17 when the property is acquired in or imported into this state; 1-18 (2) the property is detained at a location in this 1-19 state that is not owned or under the control of the property owner 1-20 for assembling, storing, manufacturing, processing, or fabricating 1-21 purposes by the person who acquired or imported the property; and 1-22 (3) the property is transported to another location in 1-23 this state or outside of this state not later than 270 days after 1-24 the date the person acquired or imported the property in this 2-1 state. 2-2 (b) For purposes of this section: 2-3 (1) tangible personal property includes aircraft and 2-4 aircraft parts; 2-5 (2) property imported into this state includes 2-6 property brought into this state; 2-7 (3) property forwarded to another location in this 2-8 state or outside this state includes property transported to 2-9 another location in this state or outside this state or to be 2-10 affixed to an aircraft to be transported to another location in 2-11 this state or outside this state; and 2-12 (4) property detained at a location in this state for 2-13 assembling, storing, manufacturing, processing, or fabricating 2-14 purposes includes property, aircraft, or aircraft parts brought 2-15 into this state or acquired in this state and used by the person 2-16 who acquired the property, aircraft, or aircraft parts in this 2-17 state or who brought the property, aircraft, or aircraft parts into 2-18 this state for the purpose of repair or maintenance of aircraft 2-19 operated by a certificated air carrier. 2-20 (c) A property owner who is eligible to receive the 2-21 exemption authorized by Section 1-j of this article may apply for 2-22 the exemption authorized by this section in the manner provided by 2-23 general law. A property owner who receives the exemption 2-24 authorized by this section is not entitled to receive the exemption 2-25 authorized by Section 1-j of this article for the same property. 2-26 (d) This section takes effect January 1, 2002. This 2-27 subsection expires January 1, 2003. 3-1 SECTION 2. This proposed constitutional amendment shall be 3-2 submitted to the voters at an election to be held November 6, 2001. 3-3 The ballot shall be printed to permit voting for or against the 3-4 proposition: "The constitutional amendment to promote equal tax 3-5 treatment for products produced, acquired, and distributed in the 3-6 State of Texas by providing for the exemption from ad valorem 3-7 taxation of tangible personal property held at certain locations 3-8 only temporarily for assembling, manufacturing, processing, or 3-9 other commercial purposes."