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A BILL TO BE ENTITLED
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AN ACT
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relating to the deposit to the state highway fund and the Texas |
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emissions reduction plan fund of certain motor vehicle sales tax |
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revenue. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 386.251(c), Health and Safety Code, is |
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amended to read as follows: |
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(c) The fund consists of: |
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(1) the amount of money deposited to the credit of the |
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fund under: |
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(A) Section 386.056; |
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(B) Sections 151.0515, [and] 152.0215, and |
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152.1224, Tax Code; and |
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(C) Sections 501.138, 502.358, and 548.5055, |
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Transportation Code; and |
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(2) grant money recaptured under Section 386.111(d) |
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and Chapter 391. |
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SECTION 2. Subchapter G, Chapter 152, Tax Code, is amended |
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by adding Section 152.1224 to read as follows: |
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Sec. 152.1224. ALLOCATION OF CERTAIN REVENUE DERIVED FROM |
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SALES TAX IMPOSED ON ELECTRIC VEHICLES. (a) In this section, |
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"electric vehicle" means a motor vehicle that draws propulsion |
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energy only from a rechargeable energy storage system. |
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(b) Notwithstanding Section 152.122, in each state fiscal |
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year beginning on or after September 1, 2019, the comptroller shall |
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deposit to the credit of the state highway fund all money received |
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under Sections 152.047 and 152.121 that is estimated to have been |
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derived from the tax imposed under Section 152.021 on the sale of an |
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electric vehicle and is remaining after the comptroller makes the |
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allocation required by Section 152.1222. |
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(b-1) Notwithstanding Section 152.122, in each state fiscal |
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year beginning on or after September 1, 2015, and before September |
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1, 2019, the comptroller shall deposit all money received under |
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Sections 152.047 and 152.121 that is estimated to have been derived |
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from the tax imposed under Section 152.021 on the sale of an |
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electric vehicle and is remaining after the comptroller makes the |
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allocation required by Section 152.1222 as follows: |
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(1) 75 percent to the credit of the state highway fund; |
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and |
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(2) 25 percent to the credit of the Texas emissions |
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reduction plan fund. |
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(b-2) Subsection (b-1) and this subsection expire August |
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31, 2019. |
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(c) The comptroller shall determine the amounts to be |
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deposited as required by this section using available statistical |
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data. If satisfactory data are not available, the comptroller may |
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require county tax assessor-collectors and sellers of motor |
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vehicles in seller-financed sales to report additional information |
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to the comptroller as necessary to make the deposits required by |
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this section. |
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SECTION 3. 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. |