By: Madla S.B. No. 1371
A BILL TO BE ENTITLED
AN ACT
relating to the disposition of certain tax revenue for the
development of the Texas wine producing industry.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 205.02, Alcoholic Beverage Code, is
amended by adding Subsection (c) to read as follows:
(c) An amount equal to 90 percent of the increase in the
receipts from the sale of tax stamps and funds derived from taxes on
wine produced in this state, as measured by comparing that
biennium's receipts and funds, as projected by the comptroller, to
the receipts and funds from fiscal year 2005 plus an amount equal to
the average percentage growth of funds derived from taxes on wine
produced in this state between fiscal year 1999 through fiscal year
2004, for each fiscal year as projected by the comptroller, may be
appropriated only to the Department of Agriculture and Texas
institutions of Higher Education for the purpose of increasing the
economic impact of the Texas wine producing industry on the state.
This subsection expires September 1, 2015.
SECTION 2. This Act takes effect September 1, 2005.