HB1056 — Relating to the exemption from ad valorem taxation of leased motor vehicles that are not held primarily for the production of income by the lessee.

HB1056 — Relating to the exemption from ad valorem taxation of leased motor vehicles that are not held primarily for the production of income by the lessee. · Informed CitizenryHB 1056 amends the Tax Code to modify the rules for ad valorem tax exemptions on leased motor vehicles not primarily used for producing income. The bill establishes a presumption that a motor vehic…Open in Informed Citizenry