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A BILL TO BE ENTITLED
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AN ACT
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relating to the effect of the category of the motor vehicle dealer |
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general distinguishing number issued by the Texas Department of |
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Motor Vehicles and held by a person on the appraisal for ad valorem |
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tax purposes of the person's motor vehicle inventory. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 23.121(d), Tax Code, is amended to read |
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as follows: |
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(d) Except for dealer's motor vehicle inventory, personal |
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property held by a dealer is appraised as provided by other sections |
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of this code. Notwithstanding any other provision of this section |
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[In the case of a dealer whose sales from dealer's motor vehicle |
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inventory are made predominately to dealers], the chief appraiser |
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shall appraise a [the] dealer's motor vehicle inventory as provided |
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by Section 23.12 of this code if the dealer holds a wholesale motor |
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vehicle dealer general distinguishing number issued by the Texas |
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Department of Motor Vehicles under Chapter 503, Transportation |
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Code, and does not hold any other category of dealer general |
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distinguishing number issued by the department. |
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SECTION 2. The change in law made by this Act applies only |
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to an ad valorem tax year that begins on or after the effective date |
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of this Act. |
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SECTION 3. This Act takes effect January 1, 2024. |