84R6794 GRM-D
 
  By: Spitzer H.B. No. 2112
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the valuation used to compute the sales and use tax
  imposed on the sale of certain motor vehicles.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 152.0412(d), Tax Code, is amended to
  read as follows:
         (d)  A county tax assessor-collector shall compute the tax
  imposed by this chapter on the valuation of a motor vehicle if the
  valuation is shown on:
               (1)  documentation, including a receipt or invoice,
  provided by the seller to the purchaser of the vehicle, but only if
  the seller is a motor vehicle dealer operating under Subchapter B,
  Chapter 503, Transportation Code, or under similar regulatory
  requirements of another state; [or]
               (2)  an appraisal certified by an adjuster licensed
  under Chapter 4101, Insurance Code, by a motor vehicle dealer
  operating under Subchapter B, Chapter 503, Transportation Code, or
  by an adjuster or motor vehicle dealer licensed or operating under
  similar regulatory requirements of another state; or
               (3)  a notarized affidavit stating the purchase price
  of the vehicle and containing both the seller's and buyer's
  signatures.
         SECTION 2.  The change in law made by this Act does not
  affect tax liability accruing before the effective date of this
  Act. That liability continues in effect as if this Act had not been
  enacted, and the former law is continued in effect for the
  collection and enforcement of those taxes.
         SECTION 3.  This Act takes effect September 1, 2015.