SRC-MWN S.B. 180 77(R)BILL ANALYSIS


Senate Research CenterS.B. 180
77R2723 SMJ-DBy: Fraser
Finance
2/26/2001
As Filed


DIGEST AND PURPOSE 

Currently, because of a calculation method used by the state since 1992,
some smaller counties experience a delay in receiving reimbursement from
the state for revenue acquired through motor vehicle registrations. Some
counties do not receive the full amount of the motor vehicle registration
income to which they are entitled.  As proposed, S.B. 180 reformulates the
calculation to provide for full reimbursement of funds to every county and
to provide for the timely acquisition of the funds for the counties that
currently experience a delay. 

RULEMAKING AUTHORITY

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

SECTION BY SECTION ANALYSIS

SECTION 1. Amends Section 152.121 (c), Tax Code, to require the
comptroller, on request of the county tax assessor-collector, to authorize
the county to retain a portion of the tax and penalties collected under
this chapter to cover the deficiency if the county tax assessor-collector
estimates that the amount of net collections under Chapter 502
(Registration of Vehicles), Transportation Code, is insufficient. 

SECTION 2. Amends Sections 502.102 (b), (c), and (d), Transportation Code,
to delete text regarding amounts equal to five percent of the tax and
penalties collected under Chapter 152 (Taxes on Sale, Rental, and Use of
Motor Vehicles) and Section 152.047 (Collection of Tax on Seller-Financed
Sale), Tax Code. Deletes text regarding credits to the county and bridge
fund.  Requires that on each Monday the county assessor-collector, after
the credits to the county road and bridge fund  equal the total computed
under Subsection (b), to credit to the county road and bridge fund an
amount equal to five percent of the tax and penalties collected in the
preceding calendar year by the assessor-collector under Chapter 152 (Taxes
on Sale, Rental, and Use of Motor Vehicles), Tax Code, and the comptroller
under Section 152.047 (Collection of Tax on Seller - Financed Sale), Tax
Code. Makes a conforming change. 

SECTION 3. Effective date: January 1, 2002.