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A BILL TO BE ENTITLED
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AN ACT
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relating to a temporary increase in the rate of the state sales and |
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use tax and dedicating the amount of the temporary increase to the |
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foundation school fund. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 151.051(b), Tax Code, is amended to read |
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as follows: |
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(b) The sales tax rate is 8-1/4 [6-1/4] percent of the sales |
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price of the taxable item sold. |
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SECTION 2. Section 151.801, Tax Code, is amended by |
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amending Subsection (a) and adding Subsection (b-1) to read as |
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follows: |
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(a) Except for the amounts allocated under Subsections (b), |
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(b-1), and (c), all proceeds from the collection of the taxes |
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imposed by this chapter shall be deposited to the credit of the |
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general revenue fund. |
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(b-1) Notwithstanding any other provision of this section, |
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all proceeds, other than the proceeds allocated under Subsection |
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(b), from the collection of taxes imposed by this chapter |
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attributable to the portion of the tax rate in excess of 6-1/4 |
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percent of the sales price of the taxable item sold shall be |
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deposited to the credit of the foundation school fund. |
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SECTION 3. Effective October 1, 2013, Section 151.051(b), |
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Tax Code, is amended to read as follows: |
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(b) The sales tax rate is 6-1/4 percent of the sales price of |
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the taxable item sold. |
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SECTION 4. Effective October 1, 2013, Section 151.801(a), |
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Tax Code, is amended to read as follows: |
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(a) Except for the amounts allocated under Subsections (b) |
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and (c), all proceeds from the collection of the taxes imposed by |
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this chapter shall be deposited to the credit of the general revenue |
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fund. |
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SECTION 5. Effective October 1, 2013, Section 151.801(b-1), |
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Tax Code, is repealed. |
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SECTION 6. (a) The changes in law made by Sections 1 and 2 |
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of this Act do not affect taxes imposed before October 1, 2011, and |
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the law in effect before that date is continued in effect for |
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purposes of the liability for and collection of those taxes. |
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(b) The change in law made by Section 3 of this Act does not |
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affect taxes imposed before October 1, 2013, and the law in effect |
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before that date is continued in effect for purposes of the |
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liability for and collection of those taxes. |
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SECTION 7. Except as otherwise provided by this Act, this |
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Act takes effect October 1, 2011. |