Texas § TX.24.34 - INTERSTATE ALLOCATION
Full text of Texas The Texas Constitution § TX.24.34 — INTERSTATE ALLOCATION, with citation guidance and answers to common questions.
§ 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.
Frequently Asked Questions About Texas § TX.24.34
What does The Texas Constitution § TX.24.34 cover?
Section TX.24.34 ("INTERSTATE ALLOCATION") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § TX.24.34?
A common citation format is "The Texas Constitution § TX.24.34" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § TX.24.34 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.