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A BILL TO BE ENTITLED
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AN ACT
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relating to the appraisal for ad valorem tax purposes of certain |
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commercial aircraft that are temporarily located in this state for |
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manufacturing or assembly purposes. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter B, Chapter 23, Tax Code, is amended by |
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adding Section 23.1211 to read as follows: |
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Sec. 23.1211. TEMPORARY PRODUCTION AIRCRAFT; VALUE. (a) |
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In this section: |
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(1) "List price" means the value of an aircraft as |
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listed in the most recent edition of the International Bureau of |
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Aviation Aircraft Values Book. |
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(2) "Maximum takeoff weight" means the maximum takeoff |
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weight listed in the aircraft's type certificate data sheet for the |
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lowest rated configuration or, if the aircraft does not have a type |
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certificate data sheet, the maximum takeoff weight target as |
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published by the aircraft's manufacturer. |
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(3) "Temporary production aircraft" means an |
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aircraft: |
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(A) that is a transport category aircraft as |
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defined by federal aviation regulations; |
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(B) for which a Federal Aviation Administration |
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special airworthiness certificate has been issued; |
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(C) that is operated under a Federal Aviation |
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Administration special flight permit; |
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(D) that has a maximum takeoff weight of at least |
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145,000 pounds; and |
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(E) that is temporarily located in this state for |
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purposes of manufacture or assembly. |
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(b) The chief appraiser shall determine the appraised value |
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of temporary production aircraft to be 10 percent of the aircraft's |
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list price as of January 1. |
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SECTION 2. The change in law made by Section 23.1211, Tax |
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Code, as added by this Act, applies only to ad valorem taxes imposed |
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for a tax year beginning on or after January 1, 2012. |
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SECTION 3. This Act takes effect September 1, 2011. |