|
|
|
|
AN ACT
|
|
relating to the appraisal for ad valorem tax purposes of certain |
|
commercial aircraft that are temporarily located in this state for |
|
manufacturing or assembly purposes. |
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
SECTION 1. Subchapter B, Chapter 23, Tax Code, is amended by |
|
adding Section 23.1211 to read as follows: |
|
Sec. 23.1211. TEMPORARY PRODUCTION AIRCRAFT; VALUE. (a) |
|
In this section: |
|
(1) "List price" means the value of an aircraft as |
|
listed in the most recent edition of the International Bureau of |
|
Aviation Aircraft Values Book. |
|
(2) "Maximum takeoff weight" means the maximum takeoff |
|
weight listed in the aircraft's type certificate data sheet for the |
|
lowest rated configuration or, if the aircraft does not have a type |
|
certificate data sheet, the maximum takeoff weight target as |
|
published by the aircraft's manufacturer. |
|
(3) "Temporary production aircraft" means an |
|
aircraft: |
|
(A) that is a transport category aircraft as |
|
defined by federal aviation regulations; |
|
(B) for which a Federal Aviation Administration |
|
special airworthiness certificate has been issued; |
|
(C) that is operated under a Federal Aviation |
|
Administration special flight permit; |
|
(D) that has a maximum takeoff weight of at least |
|
145,000 pounds; and |
|
(E) that is temporarily located in this state for |
|
purposes of manufacture or assembly. |
|
(b) The chief appraiser shall determine the appraised value |
|
of temporary production aircraft to be 10 percent of the aircraft's |
|
list price as of January 1. |
|
(c) The legislature finds that there is a lack of |
|
information that reliably establishes the market value of temporary |
|
production aircraft. Accordingly, the legislature has enacted this |
|
section to specify the method to be used in determining the |
|
appraised value of such aircraft. |
|
|
|
SECTION 2. The change in law made by Section 23.1211, Tax |
|
Code, as added by this Act, applies only to ad valorem taxes imposed |
|
for a tax year beginning on or after January 1, 2012. |
|
SECTION 3. This Act takes effect September 1, 2011. |
|
|
|
______________________________ |
______________________________ |
|
President of the Senate |
Speaker of the House |
|
|
|
I certify that H.B. No. 3727 was passed by the House on May |
|
10, 2011, by the following vote: Yeas 143, Nays 0, 2 present, not |
|
voting; and that the House concurred in Senate amendments to H.B. |
|
No. 3727 on May 24, 2011, by the following vote: Yeas 143, Nays 0, |
|
2 present, not voting. |
|
|
|
______________________________ |
|
Chief Clerk of the House |
|
|
I certify that H.B. No. 3727 was passed by the Senate, with |
|
amendments, on May 21, 2011, by the following vote: Yeas 31, Nays |
|
0. |
|
|
|
______________________________ |
|
Secretary of the Senate |
|
APPROVED: __________________ |
|
Date |
|
|
|
__________________ |
|
Governor |