BILL ANALYSIS
Senate Research Center C.S.H.B. 809
Committee Report (Substituted)
AUTHOR'S/SPONSOR'S STATEMENT OF INTENT
Currently, Section 22.01, Tax Code, requires the rendering of personal property used in the production of income for ad valorem tax purposes. In the 78th Legislature, Regular Session, 2003, S.B. 340 amended that section to create a penalty for the failure to render such properties and provided criteria for the information that is required to be included in the rendition statement. However, it was not the intent of S.B. 340 to require an individual's personal motor vehicle to be rendered.
C.S.H.B. 809 clarifies that an individual's personal vehicle that may be used in the production of income and is also used for the individual's personal use is not required to be rendered.
RULEMAKING AUTHORITY
SECTION BY SECTION ANALYSIS
SECTION 1. Amends Section 22.01, Tax Code, by adding Subsection (k), as follows:
(k) Provides that, notwithstanding Subsections (a) and (b), an individual who owns and is the primary operator of one or more passenger cars or light trucks in the course of the individual's occupation or profession, and also operates those vehicles for personal activities that do not involve the production of income, is not required to render the vehicles for taxation. Defines "passenger car" and "light truck."
SECTION 2. Makes application of this Act prospective.
SECTION 3. Effective date: January 1, 2006.