Texas Voters Will Decide: Should Local Governments Extend Tax Exemptions for the Aircraft Industry
Sep 25, 2013 | 591 views | 0 0 comments | 5 5 recommendations | email to a friend | print

Texas Voters Will Decide: Should Local Governments Extend Tax Exemptions for the Aircraft Industry  

Third in a Weekly Series on the Issues at Stake in the November 5 Constitutional Amendment Election 

Austin, TX - "The decision on which of the proposed amendments passed by the 2013 Texas Legislature will be added to the Texas Constitution falls to Texas voters," according to LWV-Texas Education Fund Chair, Linda Krefting.  A proposed amendment begins as a joint resolution filed during a legislative session and is placed before voters if passed by at least a two-thirds majority of the Texas House and Senate.

 

Proposition 3 would provide an extension to an existing exemption, commonly referred to as a "freeport exemption," from property taxes on eligible property that is in Texas temporarily, such as various types of merchandise used in manufacturing or processing.  The proposed amendment, which applies only to aircraft and aircraft parts, would allow local governments to extend the time before the property has to be transported outside of the state from 175 days up to 730 days.

 

Those supporting Proposition 3 believe the proposed extension would provide an economic development tool intended to make Texas competitive in the aerospace industry that contributes billions to the state's economy, because most other states don't impose a tax on inventory.  Granting an extension would be totally at the option of each local government already granting an exemption.

 

Others are concerned that an additional extension for aircraft and aircraft parts would reduce local tax revenue and favor one industry over others.

 

Those who vote in the November 5 election will determine whether or not to allow local governments to extend the time that aircraft and aircraft parts can remain in the jurisdiction before being transported out of state.  Each of the other eight propositions on the November 5 ballot will be addressed in a weekly series "Texas Voters Will Decide" leading up to the start of early voting on October 21.

 

The nonpartisan LWV-Texas Education Fund Voters Guide for the Constitutional Amendment Election with the ballot language, an explanation, and balanced arguments for and against each proposition plus helpful information on the new photo ID requirement and other aspects of voting will be available on www.lwvtexas.org and www.VOTE411.org (in English by Sept. 23 and in Spanish by Sept. 30) and distributed in print by local Leagues and through many libraries.  A Constitutional Amendment page on www.lwvtexas.org provides additional information on the constitutional amendment process and proposals considered by the 2013 Texas Legislature.

 

For those not already registered to vote, the deadline to register is October 7.  Voters can check to their registration by calling the county voter registrar or online at https://team1.sos.state.tx.us/voterws/viw/faces/SearchSelectionVoter.jsp.  Eligible voters needing to register can complete and mail the application form at  http://www.sos.state.tx.us/elections/voter/reqvr.shtml.

 

Early voting is from October 21 to November 1.  Voters can vote at any county location during early voting.  Election Day is November 5 with polls open from 7 am to 7 pm.

 

For more information, see www.lwvtexas.org, www.VoteTexas.gov, or contact county election officials.

 

Attachment: LWV-TEF Texas Voters Will Decide Series 2013 

 

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 The nonpartisan League of Women Voters of Texas Education Fund (LWV-TEF) encourages informed and active participation in government and works to increase understanding of major public policy issues.  LWV-TEF never supports or opposes candidates for office, or political parties.  LWV-TEF provides objective information in Voters Guides and VOTE411.org that voters need to understand voting requirements and cast an informed ballot.  

   

 

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