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      By: Turner H.B. No. 4741       A BILL TO BE ENTITLED   AN ACT   relating to the allocation of taxable value of certain certificated   air carriers.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 21.05 (e)(3), Tax Code, is amended to   read as follows:                (3)  operated by a certificated air carrier. A   certificated air carrier is either:                       (a)   one engaged in interstate or intrastate   commerce under authority of the U.S. Department of Transportation ;   or                       (b)     one engaged in interstate or intrastate   commerce under authority of the U.S. Department of Transportation   and a fractional aircraft operator that operates aircraft under 14   CFR Part 91 subpart K or 14 CFR Part 135.          SECTION 2.  This Act takes effect September 1, 2025.