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A BILL TO BE ENTITLED
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AN ACT
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relating to the registration of a related finance company for |
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purposes of the motor vehicle sales and use tax; repealing the |
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authorization for a fee. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 152.0475(c), Tax Code, is amended to |
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read as follows: |
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(c) A related finance company may [annually] register with |
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the comptroller on a form prescribed by the comptroller. The |
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comptroller shall make the forms available to the public. A |
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registration remains in effect until canceled by the registration |
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holder or the comptroller. |
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SECTION 2. Section 152.0475(d), Tax Code, is repealed. |
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SECTION 3. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2017. |