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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 sales tax revenue 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 151.801, Tax Code, is amended by |
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amending Subsection (a) and adding Subsection (b-1) to read as |
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follows: |
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(a) Except for the amounts allocated under Subsections (b), |
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(b-1), and (c), all proceeds from the collection of the taxes |
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imposed by this chapter shall be deposited to the credit of the |
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general revenue fund. |
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(b-1) In addition to the amount deposited under Subsection |
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(b), the comptroller shall deposit an amount equal to 10 percent of |
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the proceeds from the collection of the taxes imposed by this |
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chapter to the credit of the state highway fund. Money deposited to |
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the credit of the state highway fund under this subsection may not |
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be used for: |
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(1) a toll road; or |
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(2) a mass transit rail system. |
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SECTION 2. The change in law made by this Act does not |
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affect taxes imposed before the effective date of this Act, and the |
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law in effect before the effective date of this Act is continued in |
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effect for purposes of the liability for and deposit of those taxes. |
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SECTION 3. This Act takes effect September 1, 2015. |