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A BILL TO BE ENTITLED
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AN ACT
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relating to liability for ad valorem taxes on property that is the |
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subject of a consignment. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 32.07(h), Tax Code, is amended to read as |
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follows: |
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(h) For purposes of Subsection (a), a person is considered |
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to be an owner of property subject to: |
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(1) an installment contract of sale if the person is: |
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(A) [(1)] the seller of the property; or |
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(B) [(2)] a purchaser of the property who has the |
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duty under the installment contract to pay taxes on the property; or |
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(2) a consignment if the person is: |
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(A) the consignor of the property; or |
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(B) a consignee of the property who has the duty |
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under the consignment to pay taxes on the property. |
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SECTION 2. This Act applies only to ad valorem taxes imposed |
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for a tax year beginning on or after the effective date of this Act. |
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SECTION 3. This Act takes effect January 1, 2012. |