Tex. Tax Code § 24.34 · Subchapter B. RAILROAD ROLLING STOCK
INTERSTATE ALLOCATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) If the railroad operates in another state or country, the chief appraiser shall allocate to this state the proportion of the total market value of the rolling stock that fairly reflects its use in this state during the preceding tax year.
(b) The comptroller shall adopt rules establishing formulas for interstate allocation of the value of railroad rolling stock.
Notes and commentary — not statutory text
History
Acts 1979, 66th Leg., p. 2267, ch. 841, Sec. 1, eff. Jan. 1, 1980. Amended by Acts 1981, 67th Leg., 1st C.S., p. 155, ch. 13, Sec. 91, eff. Aug. 14, 1981; Acts 1991, 72nd Leg., 2nd C.S., ch. 6, Sec. 37, eff. Sept. 1, 1991.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/TX/htm/TX.24.htm
- Text hash
- sha256 f02a4e277c33ef737ef575374b521965ff2a7454362da92c4626e46d603f7957
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.