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HB 3103 amends Tax Code relating to the taxes imposed on tangible property that is used continually.
Under current law, the state has jurisdiction to tax tangible personal property if the property is: located in this state for an extended period, temporarily located outside and the owner lives in the state, or used continually.
The bill would further define continual use of property which would be required to be used in the state three or more times on regular routes or for three or more completed assignments throughout a year.
This bill seeks to clarify the regulations for trucking companies that operate trailers throughout the United States. The provisions of this bill do not appear to have a connection to our liberty principles. Therefore, we remain neutral on HB 3103.