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A BILL TO BE ENTITLED
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AN ACT
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relating to the deposit of certain hotel occupancy and car rental |
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tax revenue into the foundation school fund. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter G, Chapter 152, Tax Code, is amended |
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by adding Section 152.1221 to read as follows: |
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Sec. 152.1221. CERTAIN TAX REVENUE DEPOSITED TO CREDIT OF |
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FOUNDATION SCHOOL FUND. (a) On or before October 1 of each year, |
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the comptroller shall determine the amount of taxes collected under |
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this chapter that is attributable to taxes imposed in August of that |
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year. |
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(b) Notwithstanding Section 152.122, the comptroller shall |
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deposit the amount determined under Subsection (a) to the credit of |
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the foundation school fund. |
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SECTION 2. Section 156.251(a), Tax Code, is amended to read |
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as follows: |
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(a) Except as provided by Section 156.252, the [The] revenue |
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from the tax imposed by this chapter shall be deposited in the state |
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treasury to the credit of the general revenue fund. |
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SECTION 3. Subchapter F, Chapter 156, Tax Code, is amended |
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by adding Section 156.252 to read as follows: |
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Sec. 156.252. CERTAIN TAX REVENUE DEPOSITED TO CREDIT OF |
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FOUNDATION SCHOOL FUND. (a) On or before October 1 of each year, |
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the comptroller shall determine the amount of taxes collected under |
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this chapter that is attributable to taxes imposed in August of that |
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year. |
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(b) The comptroller shall deposit the amount determined |
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under Subsection (a) to the credit of the foundation school fund. |
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SECTION 4. This Act takes effect January 1, 2020. |