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A BILL TO BE ENTITLED
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AN ACT
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relating to the imposition of sales and use taxes and the allocation |
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of certain revenue from sales and use taxes to school district |
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property tax relief and public education; authorizing the |
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imposition 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 follow: |
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(b) The sales tax rate is 6.26 [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 151.802 to read as follows: |
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Sec. 151.802. ALLOCATION OF CERTAIN REVENUE TO PROPERTY TAX |
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RELIEF FUND. Notwithstanding Section 151.801, all proceeds from |
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the collection of taxes imposed by this chapter attributable to the |
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portion of the tax rate in excess of 6.26 percent shall be deposited |
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to the credit of the property tax relief fund under Section 403.109, |
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Government Code. |
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SECTION 3. The change in law made by this Act does not |
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affec |
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t 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, providing funding for the cost of |
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maintaining and operating the public school system and to reduce |
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school district ad valorem tax rates through an increase in the |
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state sales and use tax rate is approved by the voters. If that |
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proposed constitutional amendment is not approved by the voters, |
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this Act has no effect. |