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Texas Utilities Code - Section 163.015. Taxation

Legal Research Home > Texas Lawyer > Utilities Code > Texas Utilities Code - Section 163.015. Taxation

§ 163.015. TAXATION.  (a) A participating private entity 
shall render for ad valorem taxation its undivided fractional 
interest in a jointly owned electric facility.  An ad valorem or 
similar tax shall be imposed separately against the undivided 
interest of the participating private entity.
	(b)  A tax or assessment, including an excise tax or sales 
and use tax, attributable to a property or service bought, sold, 
leased, or used to construct, maintain, repair, or operate a 
jointly owned electric facility shall be imposed separately against 
each participating entity in proportion to the entity's respective 
undivided interest in the facility.
	(c)  A participating entity is not liable for a tax or 
assessment attributable to another participating entity under 
Subsection (a) or (b).
	(d)  A participating entity is entitled to each 
constitutional or statutory ad valorem or other tax exemption 
attributable to the jointly owned electric facility or to a 
property or service bought, sold, leased, or used to construct, 
maintain, repair, or operate the facility to the extent the entity 
would have been exempt from the tax if the entity's undivided 
interest were an entire interest in the facility or in the property 
or service.  The entity is entitled to any applicable exemption 
certificate or statement provided by law to claim or prove the 
exemption.

Acts 1997, 75th Leg., ch. 166, § 1, eff. Sept. 1, 1997.                    

Last modified: August 10, 2007