Sec. 24.40. OMITTED PROPERTY. (a) If a chief appraiser discovers that rolling stock used in this state and subject to appraisal by him has not been appraised and apportioned to the counties in one of the two preceding years, he shall appraise the property as of January 1 for each year it was omitted, submit the appraisal for review and protest, and certify the approved value to the comptroller.
(b) The certification shall show that the appraisal is for property that escaped taxation in a prior year and shall indicate the year and the appraised value for each year.
Acts 1979, 66th Leg., p. 2268, ch. 841, Sec. 1, eff. Jan. 1, 1980. Amended by Acts 1981, 67th Leg., 1st C.S., p. 156, ch. 13, Sec. 95, eff. Aug. 14, 1981; Acts 1991, 72nd Leg., 2nd C.S., ch. 6, Sec. 39, eff. Sept. 1, 1991.
Structure Texas Statutes
Subtitle D - Appraisal and Assessment
Chapter 24 - Central Appraisal
Subchapter B. Railroad Rolling Stock
Section 24.31. Appraisal at Headquarters
Section 24.32. Rolling Stock Information Reports
Section 24.33. Report of Leased Rolling Stock Forwarded
Section 24.34. Interstate Allocation
Section 24.35. Notice, Review, and Protest
Section 24.36. Certification to Comptroller
Section 24.365. Correction of Certified Amount
Section 24.37. Intrastate Apportionment
Section 24.38. Certification of Apportioned Value