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A BILL TO BE ENTITLED
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AN ACT
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relating to computation of the volume of components blended with |
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taxable diesel for the exemption from motor fuels tax. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Chapter 162, Tax Code, is amended by adding |
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Section 162.204(g) as follows: |
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(g) An invoice provided by a supplier or permissive supplier |
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or a distributor for a sale for which an exemption is taken under |
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Subsection (a)(9) may be calculated by rounding the volume of the |
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exempt component to the nearest whole percent. The amount of an |
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exemption taken under Subsection (a)(9) must be the same as that |
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shown on the invoice and reported to the comptroller in the same |
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amount. |
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SECTION 2. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2011. |