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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 revenue from the taxes |
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imposed on the sale, rental, or use of motor vehicles to the state |
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highway fund and to the uses of that revenue. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 152.122, Tax Code, is amended to read as |
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follows: |
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Sec. 152.122. ALLOCATION AND USE OF TAX. (a) Subject to |
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Section 152.1222, the [The] comptroller shall deposit the funds |
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received under Sections 152.043, 152.045, 152.047, and [Section] |
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152.121 [of this code] as follows: |
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(1) in the state fiscal year beginning September 1, |
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2015, 1/6 to the credit of the state highway fund and the remainder |
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[1/4] to the credit of the general revenue [foundation school] |
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fund; [and] |
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(2) in the state fiscal year beginning September 1, |
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2016, 1/3 to the credit of the state highway fund and the remainder |
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[remaining funds] to the credit of the general revenue fund; |
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(3) in the state fiscal year beginning September 1, |
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2017, 1/2 to the credit of the state highway fund and the remainder |
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to the credit of the general revenue fund; |
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(4) in the state fiscal year beginning September 1, |
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2018, 2/3 to the credit of the state highway fund and the remainder |
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to the credit of the general revenue fund; |
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(5) in the state fiscal year beginning September 1, |
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2019, 5/6 to the credit of the state highway fund and the remainder |
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to the credit of the general revenue fund; and |
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(6) in state fiscal years beginning on or after |
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September 1, 2020, 100 percent to the credit of the state highway |
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fund. |
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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: |
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(A) a toll road or a toll project; or |
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(B) a mass transit rail system, including a |
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trolley. |
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SECTION 2. In addition to the substantive changes made by |
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this Act, this Act conforms Section 152.122, Tax Code, to the method |
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of allocating motor vehicle sales and use taxes in effect before the |
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effective date of this Act. Section 11.04, Chapter 4 (S.B. 3), Acts |
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of the 72nd Legislature, 1st Called Session, 1991, enacted former |
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Section 403.094(h), Government Code, which abolished certain state |
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fund dedications and resulted in the abolition of the allocation to |
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the foundation school fund effective August 31, 1995. |
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SECTION 3. This Act takes effect September 1, 2015. |