JWB S.B. 1269 75(R)BILL ANALYSIS WAYS & MEANS S.B. 1269 By: Armbrister (Olivo) 5-5-97 Committee Report (Unamended) BACKGROUND Currently, Section 152.064, Tax Code (Tax Receipts), requires a tax assessor-collector to retain a copy of the receipt given to a taxpayer as a permanent transaction. With the Texas Department of Transportation's newly implemented registration title computerized software, it is thought to be no longer necessary to retain a hard copy of the receipt as a permanent record of the transaction. However, it would be necessary to retain these copies for sales tax information. The bill would not require the tax assessor-collector to retain one copy of the receipt as a permanent record of the transaction. PURPOSE The bill removes the provisions regarding the retention of one copy of the receipt issued to a person paying a tax as prescribed by Chapter 152, Tax Code (Taxes on Sale, Rental, and Use of Motor Vehicles). RULEMAKING AUTHORITY It is the committee's opinion that this bill does not expressly grant any additional rulemaking authority to a state officer, department, agency or institution. SECTION BY SECTION ANALYSIS SECTION 1.Amends Section 152.064(b), Tax Code (Tax Receipts), deleting the text requirement that tax assessor-collectors of each county retain a copy of the receipt as a permanent record of the transaction. Makes conforming and nonsubstantive changes. SECTION 2. Effective date: January 1, 1998. SECTION 3. Emergency clause.