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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 Section 151.801(c-1), Tax Code, is repealed.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) an amount equal to 94 percent of the proceeds shall |
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be credited to the Parks and Wildlife Department and deposited as |
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specified in the Parks and Wildlife Code; 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. |
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SECTION 3. This Act takes effect September 1, 2015. |