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A BILL TO BE ENTITLED
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AN ACT
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relating to the allocation of the proceeds from taxes imposed on the |
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sale, storage, or use of sporting goods. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 151.801(c-1), Tax Code, is repealed. |
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SECTION 2. Section 151.801(c), Tax Code, is amended to read |
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as follows: |
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(c) The [Subject to Subsection (c-1), the] proceeds from the |
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collection of the taxes imposed by this chapter on the sale, |
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storage, or use of sporting goods shall be deposited as follows: |
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(1) in the state fiscal year ending August 31, 2014, 50 |
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[an amount equal to 94] percent of the proceeds shall be credited to |
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the Parks and Wildlife Department and deposited as specified in the |
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Parks and Wildlife Code, 3[; and
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[(2) an amount equal to six] percent of the proceeds |
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shall be credited to the Texas Historical Commission and deposited |
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as specified in Section 442.073, Government Code, and the remaining |
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proceeds shall be credited to the general revenue fund; |
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(2) in the state fiscal year ending August 31, 2015, 75 |
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percent of the proceeds shall be credited to the Parks and Wildlife |
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Department and deposited as specified in the Parks and Wildlife |
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Code, 5 percent of the proceeds shall be credited to the Texas |
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Historical Commission and deposited as specified in Section |
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442.073, Government Code, and the remaining proceeds shall be |
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credited to the general revenue fund; and |
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(3) in state fiscal years ending on or after August 31, |
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2016, 94 percent of the proceeds shall be credited to the Parks and |
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Wildlife Department and deposited as specified in the Parks and |
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Wildlife Code, and 6 percent of the proceeds shall be credited to |
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the Texas Historical Commission and deposited as specified in |
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Section 442.073, Government Code. |
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SECTION 3. This Act takes effect September 1, 2013. |