By Keel H.B. No. 749
77R4318 DWS-F
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to the sales and use tax in certain metropolitan transit
1-3 authorities.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Subchapter I, Chapter 451, Transportation Code,
1-6 is amended by adding Section 451.4051 to read as follows:
1-7 Sec. 451.4051. TAX RATE IN CERTAIN AUTHORITIES. (a) This
1-8 section applies only to an authority in which the board has lowered
1-9 the tax rate from the maximum permissible amount and subsequently
1-10 raised the tax rate back to the maximum permissible amount.
1-11 (b) An authority to which this section applies shall hold an
1-12 election on the uniform election date in November 2001 to decrease
1-13 the authority's sales and use tax rate.
1-14 (c) The ballots at an election held under this section shall
1-15 be printed to provide for voting for or against the following
1-16 proposition: "The decrease of the local sales and use tax rate to
1-17 one-half of one percent." Sections 451.411-451.413 apply to an
1-18 election under this section.
1-19 (d) If a majority of votes recorded at the election approve
1-20 the proposition, the authority's sales and use tax rate is one-half
1-21 of one percent. If a majority of votes recorded at the election do
1-22 not approve the proposition, the authority's sales and use tax rate
1-23 is the rate in effect on the date of the election.
1-24 (e) Any subsequent election to increase or decrease the
2-1 authority's sales and use tax rate may be held only on the uniform
2-2 election date in November.
2-3 SECTION 2. This Act takes effect immediately if it receives
2-4 a vote of two-thirds of all the members elected to each house, as
2-5 provided by Section 39, Article III, Texas Constitution. If this
2-6 Act does not receive the vote necessary for immediate effect, this
2-7 Act takes effect September 1, 2001.