SRC-TNM S.B. 1269 75(R)BILL ANALYSIS


Senate Research CenterS.B. 1269
By: Armbrister
Intergovernmental Relations
3-28-97
Committee Report (Amended)


DIGEST 

Currently, a tax assessor-collector is required 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.  S.B. 1269 would not require the tax assessor-collector to
retain one copy of the receipt as a permanent record of the transaction.

PURPOSE

As proposed, S.B. 1269 outlines provisions regarding the duties of the tax
assessor-collector relating to certain tax receipt records. 

RULEMAKING AUTHORITY

This bill does not grant any additional rulemaking authority to a state
officer, institution, or agency. 

SECTION BY SECTION ANALYSIS

SECTION 1. Amends Section 152.064(b), Tax Code, to delete text requiring
the tax assessorcollector of each county to 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.

SUMMARY OF COMMITTEE CHANGES

SECTION 2.

Deletes proposed effective date and replaces it with "January 1, 1998."