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A BILL TO BE ENTITLED
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AN ACT
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relating to the exemption from ad valorem taxation of passenger |
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cars or light trucks owned by an individual and used in the course |
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of the owner's occupation or profession and also for personal |
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activities of the owner. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter B, Chapter 11, Tax Code, is amended by |
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adding Section 11.253 to read as follows: |
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Sec. 11.253. PASSENGER CARS AND LIGHT TRUCKS USED FOR |
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PRODUCTION OF INCOME AND FOR PERSONAL ACTIVITIES. (a) An individual |
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is entitled to an exemption from ad valorem taxation of one or more |
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passenger cars or light trucks owned by the individual that are used |
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in the course of the individual's occupation or profession and are |
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also used for personal activities of the owner that do not involve |
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the production of income. |
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(b) In this section, "light truck" and "passenger car" have |
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the meanings assigned by Section 502.001, Transportation Code. |
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SECTION 2. (a) This Act applies beginning with the tax |
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year that begins January 1, 2007. |
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(b) For purposes of applying Section 11.253, Tax Code, as |
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added by this Act, to the 2007 tax year, a person entitled to an |
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exemption under that section in 2007 may apply for the exemption not |
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later than April 1, 2008. The chief appraiser shall correct the |
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appraisal roll to reflect an exemption granted for the 2007 tax year |
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as soon as practicable and shall promptly certify the exemption to |
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the assessor for each taxing unit. If a person who receives an |
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exemption under Section 11.253, Tax Code, for the 2007 tax year has |
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paid taxes on the property for 2007 before the person receives the |
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exemption, the collector for the taxing unit shall refund the |
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amount of taxes paid on the exempt property not later than the 30th |
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day after the date the exemption is certified to the assessor for |
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the unit. |
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SECTION 3. This Act takes effect on the date on which the |
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constitutional amendment proposed by the 80th Legislature, Regular |
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Session, 2007, authorizing the legislature to exempt from ad |
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valorem taxation one or more passenger cars or trucks owned by an |
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individual and used in the course of the owner's occupation or |
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profession and also for personal activities of the owner, takes |
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effect, if that constitutional amendment is approved by the voters. |
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If that constitutional amendment is not approved by the voters, |
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this Act has no effect. |