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A BILL TO BE ENTITLED
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AN ACT
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relating to a limitation on the sales and use tax imposed on a boat. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter B, Chapter 160, Tax Code, is amended |
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by adding Section 160.026 to read as follows: |
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Sec. 160.026. LIMITATION ON AMOUNT OF TAX. Notwithstanding |
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any other law, the tax imposed under Section 160.021 or 160.022 on |
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the sale or use of a taxable boat or motor may not exceed $15,000. |
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SECTION 2. The change in law made by this Act does not |
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affect tax liability accruing before the effective date of this |
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Act. That liability continues in effect as if this Act had not been |
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enacted, and the former law is continued in effect for the |
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collection of taxes due and for civil and criminal enforcement of |
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the liability for those taxes. |
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SECTION 3. This Act takes effect September 1, 2011. |