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A BILL TO BE ENTITLED
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AN ACT
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relating to a refund of overpayments of the motor vehicle sales tax |
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computed based on standard presumptive value. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter C, Chapter 152, Tax Code, is amended |
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by adding Section 152.0413 to read as follows: |
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Sec. 152.0413. REFUND OF TAX COMPUTED BASED ON STANDARD |
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PRESUMPTIVE VALUE. (a) A person may apply to the comptroller and |
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receive a refund of taxes imposed under Section 152.021 or 152.022 |
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and paid by the person if: |
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(1) the person paid tax based on the standard |
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presumptive value of the motor vehicle under Section 152.0412(c); |
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(2) the person obtains an appraisal of the motor |
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vehicle as provided by Section 152.0412 not later than the 60th day |
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after the date the motor vehicle is: |
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(A) delivered to the purchaser if the person paid |
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the tax imposed under Section 152.021; or |
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(B) brought into this state if the person paid |
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the tax imposed under Section 152.022; and |
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(3) the appraised value of the motor vehicle is less |
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than 80 percent of the standard presumptive value of the motor |
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vehicle. |
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(b) The amount of the refund is equal to the amount of tax |
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paid by the person less the amount of tax imposed by this chapter on |
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the appraised value of the motor vehicle. |
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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 collection of those |
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taxes. |
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SECTION 3. This Act takes effect September 1, 2015. |