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A BILL TO BE ENTITLED
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AN ACT
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relating to the allocation of certain motor vehicle sales tax |
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revenue to the state highway fund. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter G, Chapter 152, Tax Code, is amended |
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by adding Section 152.1225 to read as follows: |
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Sec. 152.1225. ALLOCATION OF CERTAIN TAX REVENUE TO STATE |
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HIGHWAY FUND. (a) Notwithstanding Section 152.122, in each state |
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fiscal year beginning on or after September 1, 2015, the |
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comptroller shall deposit to the credit of the state highway fund |
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the amount of money that is: |
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(1) received under Sections 152.047 and 152.121; |
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(2) estimated to have been derived from the tax |
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imposed by this chapter on the sale of a self-propelled vehicle |
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designed to transport persons or property on a public highway; and |
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(3) remaining after the comptroller makes the |
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allocation required by Section 152.1222. |
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(b) The comptroller shall determine the amount described by |
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Subsection (a) using available statistical data. If satisfactory |
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data are not available, the comptroller may require county tax |
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assessor-collectors and sellers of motor vehicles in |
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seller-financed sales to report additional information to the |
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comptroller as necessary to make the allocation required by |
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Subsection (a). |
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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 on the 91st day after the last day of the |
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legislative session. |