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A BILL TO BE ENTITLED
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AN ACT
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relating to an exemption from motor vehicle sales and use taxes for |
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certain previously leased motor vehicles. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter E, Chapter 152, Tax Code, is amended |
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by adding Section 152.094 to read as follows: |
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Sec. 152.094. PURCHASE BY LESSEE. The taxes imposed by |
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Sections 152.021 and 152.022 do not apply to the retail sale of a |
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motor vehicle on termination of a lease of the motor vehicle if: |
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(1) the purchaser was the lessee under the lease; and |
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(2) the seller: |
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(A) was the lessor under the lease; and |
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(B) originally purchased the motor vehicle for |
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the purpose of leasing the motor vehicle and paid the tax due under |
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this chapter or the tax due to another state on that purchase. |
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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 of taxes due and for civil and criminal enforcement of |
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the liability for those taxes. |
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SECTION 3. This Act takes effect September 1, 2019. |