SB1143 — Relating to the appraisal for ad valorem tax purposes of tangible personal property held for sale at retail and a franchise tax credit based on the ad valorem taxes paid on such property.

SB1143 — Relating to the appraisal for ad valorem tax purposes of tangible personal property held for sale at retail and a franchise tax credit based on the ad valorem taxes paid on such property. · Informed CitizenrySB 1143 amends the Tax Code to establish a specific method for appraising the market value of a retailer's retail inventory for ad valorem tax purposes. Under the new rules, the chief appraiser det…Open in Informed Citizenry