82R1544 ALL-D
 
  By: Orr H.B. No. 740
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to liability for ad valorem taxes on property that is the
  subject of a consignment.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 32.07(h), Tax Code, is amended to read as
  follows:
         (h)  For purposes of Subsection (a), a person is considered
  to be an owner of property subject to:
               (1)  an installment contract of sale if the person is:
                     (A) [(1)]  the seller of the property; or
                     (B) [(2)]  a purchaser of the property who has the
  duty under the installment contract to pay taxes on the property; or
               (2)  a consignment if the person is:
                     (A)  the consignor of the property; or
                     (B)  a consignee of the property who has the duty
  under the consignment to pay taxes on the property.
         SECTION 2.  This Act applies only to ad valorem taxes imposed
  for a tax year beginning on or after the effective date of this Act.
         SECTION 3.  This Act takes effect January 1, 2012.