By: Otto (Senate Sponsor - Williams) H.B. No. 1309

(In the Senate - Received from the House May 8, 2009; May 8, 2009, read first time and referred to Committee on Finance; May 25, 2009, reported favorably by the following vote: Yeas 12, Nays 0; May 25, 2009, sent to printer.)

A BILL TO BE ENTITLED

AN ACT

relating to the date by which the comptroller must certify the apportioned amount of the market value of railroad rolling stock to a county assessor-collector.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

SECTION 1. Section 24.38, Tax Code, is amended to read as follows:

Sec. 24.38. CERTIFICATION OF APPORTIONED VALUE. Before July 26 [August 1], the comptroller shall certify to the county assessor-collector for each county in which a railroad operates:

(1) the county's apportioned amount of the market value of each owner's rolling stock; and

(2) the name and business address of each owner.

SECTION 2. This Act takes effect January 1, 2010.

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