H.B. No. 826
 
 
 
 
AN ACT
  relating to the definitions of certain terms for purposes of the ad
  valorem taxation of certain dealer's heavy equipment inventory.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Sections 23.1241(a)(1) and (2), Tax Code, are
  amended to read as follows:
               (1)  "Dealer" means a person engaged in the business in
  this state of selling, leasing, or renting heavy equipment. The
  term does not include a bank, savings bank, savings and loan
  association, credit union, or other finance company. In addition,
  for purposes of taxation of a person's inventory of heavy equipment
  in a tax year, the term does not include a person who renders the
  person's inventory of heavy equipment for taxation in that tax year
  by filing a rendition statement or property report in accordance
  with Chapter 22.
               (2)  "Dealer's heavy equipment inventory" means all
  items of heavy equipment that a dealer holds for sale, lease, or
  rent in this state during a 12-month period.
         SECTION 2.  The only purposes of this Act are to exclude
  certain financial institutions and other finance companies, as well
  as persons who render their inventory of heavy equipment for
  taxation in accordance with Chapter 22, Tax Code, from being
  required to comply with the requirements of Sections 23.1241,
  23.1242, and 23.1243, Tax Code, as amended or added by Chapter 322
  (H.B. 2476), Acts of the 82nd Legislature, Regular Session, 2011,
  and to limit the definition of a dealer's heavy equipment inventory
  for purposes of those sections of the Tax Code to items of heavy
  equipment held for sale, lease, or rent in this state. This Act is
  not intended to affect any litigation pending on the effective date
  of this Act or filed on or after the effective date of this Act that
  arises out of the changes in law made by Chapter 322 (H.B. 2476),
  Acts of the 82nd Legislature, Regular Session, 2011.
         SECTION 3.  This Act applies only to ad valorem taxes imposed
  for a tax year beginning on or after the effective date of this Act.
         SECTION 4.  This Act takes effect January 1, 2014.
 
 
  ______________________________ ______________________________
     President of the Senate Speaker of the House     
 
 
         I certify that H.B. No. 826 was passed by the House on May 2,
  2013, by the following vote:  Yeas 147, Nays 0, 2 present, not
  voting; and that the House concurred in Senate amendments to H.B.
  No. 826 on May 23, 2013, by the following vote:  Yeas 145, Nays 0, 2
  present, not voting.
 
  ______________________________
  Chief Clerk of the House   
 
         I certify that H.B. No. 826 was passed by the Senate, with
  amendments, on May 22, 2013, by the following vote:  Yeas 30, Nays
  1.
 
  ______________________________
  Secretary of the Senate   
  APPROVED: __________________
                  Date       
   
           __________________
                Governor