SRC-VRA S.B. 658 78(R) BILL ANALYSIS Senate Research Center S.B. 658 78R819 JD-DBy: Brimer Finance 3/13/2003 As Filed DIGEST AND PURPOSE During the 77th Legislature, S.B. 248 eliminated ad valorem taxes for vehicles leased primarily for personal use. The exemption does 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. As proposed, S.B. 658 would make 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.