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A BILL TO BE ENTITLED
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AN ACT
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relating to the application of the exemption from the sales and use |
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tax for property used in manufacturing. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 151.318, Tax Code, is amended by adding |
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Subsection (v) to read as follows: |
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(v) For purposes of the exemption from the tax imposed by |
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this chapter that is authorized by this section, bringing oil or gas |
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to the surface of the earth is not considered manufacturing, |
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processing, or fabricating for ultimate sale. |
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SECTION 2. The amendment made by this Act is a clarification |
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of existing law and does not imply that existing law may be |
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construed as inconsistent with the law as amended by this Act. |
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SECTION 3. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2013. |