By West H.B. No. 1750
75R3157 CBH-D
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to the imposition of the sales and use tax on certain
1-3 sales of leased vehicles.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 152.001(2), Tax Code, is amended to read
1-6 as follows:
1-7 (2) "Retail sale" means a sale of a motor vehicle
1-8 except:
1-9 (A) a sale in which the purchaser is a dealer
1-10 who holds a general distinguishing number issued under Chapter 503,
1-11 Transportation Code [pursuant to the terms of Article 6686, Revised
1-12 Statutes], who acquires a vehicle for the exclusive purpose of
1-13 resale; [or]
1-14 (B) a sale of a vehicle that is operated under
1-15 and in accordance with Chapter 503, Transportation Code; or
1-16 (C) a sale of a leased vehicle by the lessor to
1-17 the lessee at the termination of the lease [Article 6686, Revised
1-18 Civil Statutes of Texas, 1925, as amended].
1-19 SECTION 2. This Act takes effect on the first day of the
1-20 first calendar quarter beginning on or after the earliest date that
1-21 it may take effect under Section 39, Article III, Texas
1-22 Constitution, and applies only to the sale of a motor vehicle that
1-23 occurs on or after that date. The sale of a motor vehicle before
1-24 the effective date of this Act is governed by the law in effect
2-1 when the motor vehicle was sold, and that law is continued in
2-2 effect for that purpose.
2-3 SECTION 3. The importance of this legislation and the
2-4 crowded condition of the calendars in both houses create an
2-5 emergency and an imperative public necessity that the
2-6 constitutional rule requiring bills to be read on three several
2-7 days in each house be suspended, and this rule is hereby suspended,
2-8 and that this Act take effect and be in force according to its
2-9 terms, and it is so enacted.