By: Carona S.B. No. 338
(In the Senate - Filed February 2, 2005; February 7, 2005,
read first time and referred to Committee on Transportation and
Homeland Security; March 31, 2005, reported favorably by the
following vote: Yeas 7, Nays 0; March 31, 2005, sent to printer.)
A BILL TO BE ENTITLED
AN ACT
relating to the amount of the use tax imposed on certain motor
vehicles brought into this state by a new resident.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 152.023, Tax Code, is amended by
amending Subsection (b) and adding Subsection (b-1) to read as
follows:
(b) Except as provided by Subsection (b-1), the [The] tax is
$90 for each vehicle.
(b-1) The tax on a motor vehicle eligible to be issued
exhibition vehicle specialty license plates under Section 504.502,
Transportation Code, is equal to the lesser of $90 or 6.25 percent
of the total consideration.
SECTION 2. This Act takes effect September 1, 2005.
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