Honorable Tommy Williams, Chair, Senate Committee on Finance
Ursula Parks, Director, Legislative Budget Board
SB862 by Taylor (Relating to the imposition of and a limitation on the sales tax imposed on certain vessels.), As Introduced
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The bill would amend Chapter 160 of the Tax Code regarding taxes on the sale and use of boats and motor boats.
The bill would amend the definition of the term "boat" to include all vessels, regardless of length, except those greater than 65 feet in length used for commercial shipping. The bill does not provide a definition for the term "commercial shipping".
The bill would limit the maximum amount of boat tax that could be imposed on the retail sale of a boat at $15,625, regardless of the sales price. Effectively, any boat sold for more than $250,000, would only pay $15,625.
The bill would exempt boats that are purchased in this state from the boat tax if they are for use in another state or nation and removed from this state within 10 days from the date of sale or if a boat is taken to a repair facility within 10 days from the date of sale for repairs or modifications and then removed from this state within 20 days from the date the repairs or modifications are completed. The Comptroller would be required to adopt rules and procedures to enforce this section.
The bill would make conforming changes to Chapter 31 of the Parks and Wildlife Code.
This bill would take effect September 1, 2013.
304 Comptroller of Public Accounts, 802 Parks and Wildlife Department
UP, KK, SD