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A JOINT RESOLUTION
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proposing a constitutional amendment to provide oil, natural gas, |
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and other petroleum products held temporarily in this state the |
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same ad valorem tax-exempt status as is currently provided to other |
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tangible personal property. |
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BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 1-j(a), Article VIII, Texas |
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Constitution, is amended to read as follows: |
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(a) To promote economic development in the State, goods, |
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wares, merchandise, other tangible personal property, [and] ores, |
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and [other than] oil, natural gas, and other petroleum products[,] |
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are exempt from ad valorem taxation if: |
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(1) the property is acquired in or imported into this |
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State to be forwarded outside this State, whether or not the |
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intention to forward the property outside this State is formed or |
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the destination to which the property is forwarded is specified |
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when the property is acquired in or imported into this State; |
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(2) the property is detained in this State for |
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assembling, storing, manufacturing, processing, refining, or |
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fabricating purposes by the person who acquired or imported the |
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property; and |
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(3) the property is transported outside of this State |
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not later than 175 days after the date the person acquired or |
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imported the property in this State. |
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SECTION 2. Section 1-n(a), Article VIII, Texas |
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Constitution, as proposed by S.J.R. 6, 77th Legislature, Regular |
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Session, 2001, is amended to read as follows: |
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(a) To promote economic development in this state, the |
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legislature by general law may exempt from ad valorem taxation |
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goods, wares, merchandise, other tangible personal property, [and] |
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ores, and [other than] oil, natural gas, and other petroleum |
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products[,] if: |
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(1) the property is acquired in or imported into this |
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state to be forwarded to another location in this state or outside |
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this state, whether or not the intention to forward the property to |
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another location in this state or outside this state is formed or |
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the destination to which the property is forwarded is specified |
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when the property is acquired in or imported into this state; |
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(2) the property is detained at a location in this |
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state that is not owned or under the control of the property owner |
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for assembling, storing, manufacturing, processing, refining, or |
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fabricating purposes by the person who acquired or imported the |
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property; and |
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(3) the property is transported to another location in |
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this state or outside this state not later than 270 days after the |
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date the person acquired the property in or imported the property |
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into this state. |
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SECTION 3. The following temporary provision is added to |
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the Texas Constitution: |
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TEMPORARY PROVISION. (a) This temporary provision applies |
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to the constitutional amendment proposed by the 83rd Legislature, |
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Regular Session, 2013, to provide oil, natural gas, and other |
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petroleum products held temporarily in this state the same ad |
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valorem tax-exempt status as is currently provided to other |
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tangible personal property. |
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(b) The amendments to Sections 1-j(a) and 1-n(a), Article |
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VIII, of this constitution take effect beginning with the tax year |
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that begins January 1, 2014. |
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(c) This temporary provision expires January 1, 2015. |
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SECTION 4. This proposed constitutional amendment shall be |
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submitted to the voters at an election to be held November 5, 2013. |
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The ballot shall be printed to permit voting for or against the |
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proposition: "The constitutional amendment to provide oil, natural |
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gas, and other petroleum products held temporarily in this state |
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the same ad valorem tax-exempt status as is currently provided to |
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other tangible personal property." |