| |
| |
|
|
CONCURRENT RESOLUTION
|
|
|
WHEREAS, Section 7-c(f), Article VIII, Texas Constitution, |
|
|
provides: "The legislature by adoption of a resolution approved by |
|
|
a record vote of a majority of the members of each house of the |
|
|
legislature may extend, in 10-year increments, the duty of the |
|
|
comptroller of public accounts to make a deposit under Subsection |
|
|
(a) or (b) of this section beyond the applicable date prescribed by |
|
|
Subsection (e) of this section."; and |
|
|
WHEREAS, Under Section 7-c(e)(1), Article VIII, Texas |
|
|
Constitution, the duty of the comptroller of public accounts under |
|
|
Section 7-c(a) of that article to deposit to the credit of the state |
|
|
highway fund $2.5 billion of the net revenue derived from the |
|
|
imposition of the state sales and use tax on the sale, storage, use, |
|
|
or other consumption in this state of taxable items under Chapter |
|
|
151, Tax Code, or its successor, that exceeds the first $28 billion |
|
|
of that revenue coming into the treasury in that state fiscal year |
|
|
expires August 31, 2032; and |
|
|
WHEREAS, Under Section 7-c(e)(2), Article VIII, Texas |
|
|
Constitution, the duty of the comptroller of public accounts under |
|
|
Section 7-c(b) of that article to deposit to the credit of the state |
|
|
highway fund an amount equal to 35 percent of the net revenue |
|
|
derived from the tax authorized by Chapter 152, Tax Code, or its |
|
|
successor, and imposed on the sale, use, or rental of a motor |
|
|
vehicle that exceeds the first $5 billion of that revenue coming |
|
|
into the treasury in that state fiscal year expires August 31, 2029; |
|
|
now, therefore, be it |
|
|
RESOLVED by the 88th Legislature of the State of Texas, That |
|
|
the duty of the comptroller of public accounts under Section |
|
|
7-c(a), Article VIII, Texas Constitution, to deposit to the credit |
|
|
of the state highway fund $2.5 billion of the net revenue derived |
|
|
from the imposition of the state sales and use tax on the sale, |
|
|
storage, use, or other consumption in this state of taxable items |
|
|
under Chapter 151, Tax Code, or its successor, that exceeds the |
|
|
first $28 billion of that revenue coming into the treasury in that |
|
|
state fiscal year is extended and expires August 31, 2042; and, be |
|
|
it further |
|
|
RESOLVED, That the duty of the comptroller of public accounts |
|
|
under Section 7-c(b), Article VIII, Texas Constitution, to deposit |
|
|
to the credit of the state highway fund an amount equal to 35 |
|
|
percent of the net revenue derived from the tax authorized by |
|
|
Chapter 152, Tax Code, or its successor, and imposed on the sale, |
|
|
use, or rental of a motor vehicle that exceeds the first $5 billion |
|
|
of that revenue coming into the treasury in that state fiscal year |
|
|
is extended and expires August 31, 2039; and, be it further |
|
|
RESOLVED, That this resolution is adopted only if approved by |
|
|
a record vote of a majority of the members of each house of the |
|
|
legislature; and, be it further |
|
|
RESOLVED, That the secretary of state forward an official |
|
|
copy of this resolution to the comptroller of public accounts. |