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Amend HB 3314 by adding the following SECTION to the bill,
appropriately numbered, and renumbering subsequent SECTIONS
accordingly:
SECTION __. (a) Section 21.02(e), Tax Code, is amended to
read as follows:
(e) In this subsection, "portable drilling rig" includes
equipment associated with the drilling rig. A portable drilling
rig designed for land-based oil or gas drilling or exploration
operations is taxable by each [the] taxing unit in which the rig is
located on January 1 if the rig was located in the appraisal
district that appraises property for the unit for the preceding 365
consecutive days. If the drilling rig was not located in the
appraisal district where it is located on January 1 for the
preceding 365 days, it is taxable by each [the] taxing unit in which
the owner's principal place of business in this state is located on
January 1, unless the owner renders the rig under Chapter 22 to the
appraisal district in which the rig is located on January 1, in
which event the rig is taxable by each taxing unit in which the rig
is located on January 1. If an owner elects to render any portable
drilling rig to the appraisal district in which the rig is located
on January 1 when the rig otherwise would be taxable at the owner's
principal place of
business in this state, all the owner's portable drilling rigs are
taxable by the taxing units in which each rig is located on January
1. Notwithstanding any other provision of this subsection, if the
owner of a portable drilling rig does not have a place of business
in this state, the rig is taxable by each taxing unit in which the
rig is located on January 1.
(b) Subsection (a) of this section applies only to a tax
year that begins on or after the effective date of this section.
(c) This section takes effect January 1, 2008.