Attention farmers and meat packers! House Bill 3144 and Senate Bill 958 to the Rescue!
House Bill 3144, effective September 1, 2009, allows you to claim an exemption for tangible personal property incorporated into a structure that is used for the disposal of poultry carcasses in accordance with Section 26.303 of the Water Code.
In addition, House Bill 3144 and Senate Bill 958, not only allow you to continue to exempt your aircraft used for crop dusting, but you can now claim an exemption on the aircraft parts, and all other equipment and machinery used in an agricultural aircraft operation (defined by 14 C.F.R. Section 137.3). Likewise, Bill 3144 allows an exemption for all tires and automobile repair parts used on motor vehicles and equipment used exclusively on a farm or ranch.
Senate Bill 958 added aircraft exemptions to Texas Tax Code Section 151.328. Section 151.328(a)(5) exempts the sales of aircraft for use exclusively in connection with an agricultural use, as defined by Section 23.51 of the Property Tax Code. You can now add the following aircraft to your exemption list:
- Aircraft used for predator control;
- Aircraft used for wildlife or livestock capture;
- Aircraft used for wildlife or livestock surveys;
- Aircraft used for census counts of wildlife or livestock;
- Aircraft used for animal or plant health inspection services; or
- Aircraft used for crop dusting, pollination or seeding.
But, be careful, like all exemptions, the above have their exceptions. Contact Dan Martinez & Associates, L.P. for a better look and to determine if you qualify.
