Honorable Jane Nelson, Chair, Senate Committee on Finance
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
SB1125 by Taylor, Van (relating to the application of the motor vehicle sales tax to the sale of a new motor vehicle to certain manufacturers or distributors.), Committee Report 1st House, Substituted
There could be an indeterminate change in motor vehicle sales tax collections depending on the number of vehicles sold to a manufacturer or distributor.
The bill would amend Chapter 152 of the Tax Code, regarding taxes on motor vehicles.
The bill would amend Section 152.001 to exclude the sale of a new motor vehicle to a person who is a manufacturer or distributor as defined by Section 2301.002, Occupations Code, from the definition of a "retail sale."
This bill would take effect September 1, 2015.
Local Government Impact
No fiscal implication to units of local government is anticipated.