SRC-VRA S.B. 658 78(R)BILL ANALYSIS


Senate Research CenterS.B. 658
By: Brimer
Finance
6/26/2003
Enrolled


DIGEST AND PURPOSE 

The 77thTexas Legislature enacted S.B. 248 to eliminate ad valorem taxes
for vehicles leased primarily for personal use.  The exemption did not
apply in a municipality if the municipality's governing body adopted an
ordinance before January 1, 2002, providing for the continued taxation of
leased motor vehicles. However, the legislation included a provision that
if the exemption was not continued by the legislature, it would expire
December 31, 2003.  S.B. 658 makes permanent the exemption from ad valorem
taxes on motor vehicles leased for personal use.  

RULEMAKING AUTHORITY

This bill does not expressly grant any additional rulemaking authority to
a state officer, institution, or agency. 

SECTION BY SECTION ANALYSIS

SECTION 1.  Repealer:  Section 11.252(g), Tax Code (Motor Vehicles Leased
for Personal Use). 

SECTION 2.  Effective date:  upon passage or September 1, 2003.