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A BILL TO BE ENTITLED
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AN ACT
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relating to the computation of the tax imposed on the sale of |
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certain motor vehicles. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Sections 152.0412(b) and (c), Tax Code, are |
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amended to read as 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 50 [80] percent |
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of the standard presumptive value of the vehicle, a county tax |
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assessor-collector shall compute 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 50 [80] percent of the standard |
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presumptive value of the vehicle, a county tax assessor-collector |
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shall compute the tax on the amount that is equal to 50 [80] percent |
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of the standard presumptive value of the vehicle, unless the |
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purchaser establishes the valuation of the vehicle as provided by |
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Subsection (d). |
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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, 2023. |