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A BILL TO BE ENTITLED
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AN ACT
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relating to the ad valorem taxation of certain tangible personal |
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property located inside a defense base development authority. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 379B.011, Local Government Code, is |
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amended by adding Subsections (c) and (d) to read as follows: |
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(c) A commercial product that is in the process of being |
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manufactured, assembled, or produced inside the authority is |
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presumed to be in interstate, international, or foreign commerce |
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and not located in this state for longer than a temporary period for |
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purposes of Sections 11.01 and 21.02, Tax Code, if: |
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(1) the entity manufacturing, assembling, or |
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producing the product is engaged in a business activity described |
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by sectors 31 through 33 of the 2012 North American Industry |
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Classification System (NAICS); and |
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(2) the product is eligible under guidelines and |
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criteria established by the commissioners court of the county in |
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which the authority is located under Section 312.002, Tax Code. |
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(d) Tangible personal property located inside the authority |
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is presumed to be in interstate, international, or foreign commerce |
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and not located in this state for longer than a temporary period for |
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purposes of Sections 11.01 and 21.02, Tax Code, if the owner |
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demonstrates to the chief appraiser for the appraisal district in |
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which the authority is located that the owner intends to |
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incorporate the property into or attach the property to a |
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commercial product described by Subsection (c). |
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SECTION 2. The change in law made by this Act applies only |
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to ad valorem taxes imposed for a tax year beginning on or after the |
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effective date of this Act. |
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SECTION 3. This Act takes effect January 1, 2014. |