88R105 LHC-D
 
  By: Harris of Anderson H.B. No. 623
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to an exemption from ad valorem taxation of tangible
  personal property consisting of animal feed held by the owner of the
  property for sale at retail.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Subchapter B, Chapter 11, Tax Code, is amended by
  adding Section 11.162 to read as follows:
         Sec. 11.162.  ANIMAL FEED HELD FOR SALE AT RETAIL. The owner
  of tangible personal property consisting of animal feed exempted
  from sales and use taxes under Section 151.316(a)(3) or (4) is
  entitled to an exemption from ad valorem taxation of the appraised
  value of the property if the property is held by the owner for sale
  at retail.
         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, 2024, but only
  if the constitutional amendment proposed by the 88th Legislature,
  Regular Session, 2023, authorizing the legislature to exempt from
  ad valorem taxation tangible personal property consisting of animal
  feed held by the owner of the property for sale at retail is
  approved by the voters.  If that amendment is not approved by the
  voters, this Act has no effect.