| |
| |
|
|
A BILL TO BE ENTITLED
|
|
|
AN ACT
|
|
|
relating to the definitions of certain terms for purposes of the ad |
|
|
valorem taxation of certain dealer's heavy equipment inventory. |
|
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. Section 23.1241(a), Tax Code, is amended by |
|
|
amending Subdivisions (1) and (2) and adding Subdivision (1-a) to |
|
|
read as follows: |
|
|
(1) "Business location" or "location at which the |
|
|
dealer conducts business" does not include a facility that is owned |
|
|
and controlled by a person who is not a dealer and is used to store |
|
|
or warehouse heavy equipment. |
|
|
(1-a) "Dealer" means a person whose primary [engaged
|
|
|
in the] business in this state consists of selling, leasing, or |
|
|
renting heavy equipment and who operates a business location in |
|
|
this state that is open to the public and at which the person holds |
|
|
inventory that is available for sale, lease, or rent. |
|
|
(2) "Dealer's heavy equipment inventory" means all |
|
|
items of heavy equipment that a dealer owns and holds in the |
|
|
dealer's physical possession and that are available for sale, |
|
|
lease, or rent at the dealer's business location in this state |
|
|
during a 12-month period. |
|
|
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, 2014. |