BILL ANALYSIS |
C.S.H.B. 2117 |
By: King, Tracy O. |
Ways & Means |
Committee Report (Substituted) |
BACKGROUND AND PURPOSE
Interested parties have expressed concern that recent legislation intended to make it easier for appraisal districts and heavy equipment dealers to value rental and lease equipment has created a loophole in which certain large companies can dispute the values of machinery never before considered heavy equipment. The parties contend that this has resulted in billions of dollars in appraised values being disputed and has disrupted the ability of counties, cities, school districts, and other entities to properly fund their operations. C.S.H.B. 2117 seeks to remedy this issue.
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CRIMINAL JUSTICE IMPACT
It is the committee's opinion that this bill does not expressly create a criminal offense, increase the punishment for an existing criminal offense or category of offenses, or change the eligibility of a person for community supervision, parole, or mandatory supervision.
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RULEMAKING AUTHORITY
It is the committee's opinion that this bill does not expressly grant any additional rulemaking authority to a state officer, department, agency, or institution.
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ANALYSIS
C.S.H.B. 2117 amends the Tax Code to exclude from the definition of "heavy equipment" for purposes of the appraisal of a heavy equipment dealer's inventory for property taxation a natural gas compressor package or unit.
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EFFECTIVE DATE
January 1, 2016.
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COMPARISON OF ORIGINAL AND SUBSTITUTE
While C.S.H.B. 2117 may differ from the original in minor or nonsubstantive ways, the following comparison is organized and formatted in a manner that indicates the substantial differences between the introduced and committee substitute versions of the bill.
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