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A BILL TO BE ENTITLED
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AN ACT
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relating to the allocation of taxable value of certain certificated |
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air carriers. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 21.05 (e)(3), Tax Code, is amended to |
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read as follows: |
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(3) operated by a certificated air carrier. A |
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certificated air carrier is either: |
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(a) one engaged in interstate or intrastate |
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commerce under authority of the U.S. Department of Transportation; |
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or |
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(b) one engaged in interstate or intrastate |
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commerce under authority of the U.S. Department of Transportation |
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and a fractional aircraft operator that operates aircraft under 14 |
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CFR Part 91 subpart K or 14 CFR Part 135. |
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SECTION 2. This Act takes effect September 1, 2025. |