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A BILL TO BE ENTITLED
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AN ACT
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relating to the valuation used to compute the sales and use tax |
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imposed on the sale of certain motor vehicles. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 152.0412(d), Tax Code, is amended to |
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read as follows: |
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(d) A county tax assessor-collector shall compute the tax |
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imposed by this chapter on the valuation of a motor vehicle if the |
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valuation is shown on: |
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(1) documentation, including a receipt or invoice, |
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provided by the seller to the purchaser of the vehicle, but only if |
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the seller is a motor vehicle dealer operating under Subchapter B, |
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Chapter 503, Transportation Code, or under similar regulatory |
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requirements of another state; [or] |
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(2) an appraisal certified by an adjuster licensed |
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under Chapter 4101, Insurance Code, by a motor vehicle dealer |
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operating under Subchapter B, Chapter 503, Transportation Code, or |
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by an adjuster or motor vehicle dealer licensed or operating under |
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similar regulatory requirements of another state; or |
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(3) a notarized affidavit stating the purchase price |
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of the vehicle and containing both the seller's and buyer's |
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signatures. |
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SECTION 2. The change in law made by this Act does not |
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affect tax liability accruing before the effective date of this |
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Act. That liability continues in effect as if this Act had not been |
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enacted, and the former law is continued in effect for the |
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collection and enforcement of those taxes. |
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SECTION 3. This Act takes effect September 1, 2015. |