INTERSTATE ALLOCATION — Texas Code § TX.24.34
Texas Code § TX.24.34 — INTERSTATE ALLOCATION. Reproduced from the official The Texas Constitution, with a citation summary, verification link, and related provisions.
§ TX.24.34. INTERSTATE ALLOCATION
INTERSTATE ALLOCATION. (a) If the railroad operates in another state or country, the chief appraiser shall allocate to this state the proportion of the total market value of the rolling stock that fairly reflects its use in this state during the preceding tax year. (b) The comptroller shall adopt rules establishing formulas for interstate allocation of the value of railroad rolling stock. Acts 1979, 66th Leg., p. 2267, ch. 841, Sec. 1, eff. Jan. 1, 1980. Amended by Acts 1981, 67th Leg., 1st C.S., p. 155, ch. 13, Sec. 91, eff. Aug. 14, 1981; Acts 1991, 72nd Leg., 2nd C.S., ch. 6, Sec. 37, eff. Sept. 1, 1991.
Source: official Texas text · Last verified 2026-08-27
At a glance
- Citation: The Texas Constitution § TX.24.34
- Jurisdiction: Texas
- Code: The Texas Constitution
- Subject: INTERSTATE ALLOCATION
- Text: transcribed from the official source (verify below)
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Statute text is transcribed from the official The Texas Constitution. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Texas attorney.
Common questions
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The text above is transcribed from the The Texas Constitution, the codified statutes of Texas. The official publisher link appears under "Verify the text" on this page.
What subject does The Texas Constitution § TX.24.34 address?
It addresses "INTERSTATE ALLOCATION". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
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