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A BILL TO BE ENTITLED
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AN ACT
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relating to computation of tax based on the standard presumptive |
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value of a motor vehicle. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 152.0412, Tax Code, is amended to read as |
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follows: |
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(b) If the amount paid for a motor vehicle subject to the tax |
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imposed by this chapter is equal to or greater than [80] 50 percent |
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of the standard presumptive value of the vehicle, a county tax |
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assessor-collector shall computer the tax on the amount paid. |
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(c) If the amount paid for a motor vehicle subject to the tax |
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imposed by this chapter is less than [80] 50 percent of the standard |
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presumptive value of the vehicle, a county tax assessor-collector |
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shall computer the tax on the amount that is equal to [80] 50 |
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percent of the standard presumptive value of the vehicle, unless |
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the purchaser establishes the valuation of the vehicle as provide |
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by Subsection (d). |
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SECTION 2. This Act takes effect September 1, 2021. |