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A BILL TO BE ENTITLED
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AN ACT
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relating to the state sales tax rate and the use of certain revenue |
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from state sales and use taxes to reduce school district |
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maintenance and operations ad valorem tax rates; increasing the |
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rate of a tax. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 151.051(b), Tax Code, is amended to read |
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as follows: |
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(b) The sales tax rate is 7.25 [6-1/4] percent of the sales |
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price of the taxable item sold. |
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SECTION 2. Subchapter M, Chapter 151, Tax Code, is amended |
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by adding Section 151.804 to read as follows: |
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Sec. 151.804. USE OF CERTAIN REVENUE FOR SCHOOL DISTRICT AD |
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VALOREM TAX REDUCTION. An amount equal to the proceeds from the |
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collection of taxes imposed by this chapter attributable to the |
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portion of the tax rates in excess of 6.25 percent may be used only |
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to provide property tax relief through reduction of the state |
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compression percentage, as defined by Section 42.2516(a), |
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Education Code. |
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SECTION 3. 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 4. This Act takes effect January 1, 2020, but only |
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if the constitutional amendment proposed by the 86th Legislature, |
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Regular Session, 2019, to provide property tax relief by reducing |
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school district maintenance and operations ad valorem tax rates and |
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increasing the state sales and use tax rates is approved by the |
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voters. If that proposed constitutional amendment is not approved |
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by the voters, this Act has no effect. |