TX HB4741

Expands the definition of "certificated air carrier" for property tax allocation purposes to include two categories of operators

Maintains existing classification for carriers engaged in interstate or intrastate commerce under U.S. Department of Transportation authority

Adds new classification for fractional aircraft operators that operate under both U.S. Department of Transportation authority and 14 CFR Part 91 subpart K or 14 CFR Part 135 regulations

Fractional aircraft operators meeting these criteria would qualify for the same taxable value allocation treatment as traditional certificated air carriers

Takes effect September 1, 2025