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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 tax |
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revenue to the state highway fund. |
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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. Notwithstanding Section 152.122, in each state |
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fiscal year beginning on or after September 1, 2017, the |
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comptroller shall deposit to the credit of the state highway fund |
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all money received under Sections 152.121 and 152.047 that is |
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derived from the tax imposed under Section 152.021 and is remaining |
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after the comptroller makes the allocation required by Section |
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152.1222. |
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SECTION 2. This Act takes effect September 1, 2015. |