Texas HB4741 amends the Tax Code to redefine certificated air carriers for taxable value allocation.

Texas HB4741 amends Section 21.05 (e)(3) of the Tax Code to redefine a certificated air carrier as one engaged in interstate or intrastate commerce under authority of the U.S. Department of Transportation or a fractional aircraft operator operating under specific Federal Aviation Regulations. This change affects the allocation of taxable value for such carriers and takes effect September 1, 2025.

Texas HB4741 amends the Tax Code to redefine certificated air carriers for taxable value allocation.

Texas HB4741 amends Section 21.05 (e)(3) of the Tax Code to redefine a certificated air carrier as one engaged in interstate or intrastate commerce under authority of the U.S. Department of Transportation or a fractional aircraft operator operating under specific Federal Aviation Regulations. This change affects the allocation of taxable value for such carriers and takes effect September 1, 2025.