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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, use, and |
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rental tax revenue to the state highway fund and to the uses of that |
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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. Subchapter G, Chapter 152, Tax Code, is amended |
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by adding Section 152.1223 to read as follows: |
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Sec. 152.1223. 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, 2018, the |
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comptroller shall deposit to the credit of the state highway fund an |
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amount of money that is equal to 50 percent of the money that is |
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received under Sections 152.043, 152.045, 152.047, and 152.121 and |
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is remaining after the comptroller makes the allocation required by |
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Section 152.1222. |
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(b) Money deposited to the credit of the state highway fund |
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under this section: |
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(1) may be appropriated only for a purpose authorized |
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by Section 7-a, Article VIII, Texas Constitution; and |
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(2) may not be used for toll roads. |
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SECTION 2. This Act takes effect September 1, 2015. |