Honorable Tom Craddick, Speaker of the House, House of Representatives
FROM:
John S. O'Brien, Deputy Director, Legislative Budget Board
IN RE:
HB988 by Chisum (Relating to the county in which a seller of a motor vehicle may file an application for registration and certificate of title. ), As Passed 2nd House
No significant fiscal implication to the State is anticipated.
The bill would specify that a seller of a motor vehicle who applies for a vehicle registration or certificate of title in the name of the purchaser would be required, at the direction of the purchaser, to apply with the county assessor-collector of either the county in which the vehicle is purchased or the county in which the purchaser resides.
The bill would require the Texas Department of Transportation (TxDOT) to develop a form by which the purchaser may designate the purchaser’s county of choice as the recipient of the applicable taxes, fees, and other revenues collected from the title and registration transactions.
Based on the analysis of the Texas Department of Transportation, it is assumed any costs or duties associated with implementing the provisions of the bill could be absorbed within existing resources.
The bill would take effect September 1, 2005.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.