By Brimer H.B. No. 1206
77R4882 CBH-D
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to the rate of the state sales and use tax.
1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-4 SECTION 1. Section 151.051(b), Tax Code, is amended to read
1-5 as follows:
1-6 (b) The sales tax rate is 5-1/4 [6-1/4] percent of the sales
1-7 price of the taxable item sold.
1-8 SECTION 2. This Act takes effect October 1, 2001, and
1-9 applies to a sale, storage, use, or other consumption of a taxable
1-10 item under Chapter 151, Tax Code, on or after that date. The sale,
1-11 storage, use, or other consumption of a taxable item before the
1-12 effective date of this Act is governed by the law in effect at the
1-13 time of the transaction, and that law is continued in effect for
1-14 the enforcement and collection of those taxes.