By: Staples S.B. No. 510
A BILL TO BE ENTITLED
AN ACT
relating to the exemption of certain travel trailers from ad
valorem taxation.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 11.14(a), Tax Code, is amended to read as
follow:
(a) A [Except as otherwise provided by this subsection, a]
person is entitled to an exemption from taxation of all tangible
personal property, other than manufactured homes, that the person
owns and that is not held or used for production of income. [This
subsection does not exempt from taxation a travel trailer, as
defined by Section 11.142, that a person owns.]
SECTION 2. Section 11.142, Tax Code, is repealed.
SECTION 3. This Act takes effect January 1, 2004, and
applies only to taxes imposed for a tax year beginning on or after
January 1, 2002, but only if the constitutional amendment proposed
by the 78th Legislature, Regular Session, 2003, authorizing the
legislature to exempt from ad valorem taxation certain travel
trailers not held or used for the production of income is approved
by the voters. If that amendment is not approved by the voters,
this Act has no effect.