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A BILL TO BE ENTITLED
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AN ACT
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relating to the inclusion of certain taxes in the comptroller's |
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report on the effect of certain tax provisions. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 403.014(a), Government Code, is amended |
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to read as follows: |
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(a) Before each regular session of the legislature, the |
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comptroller shall report to the legislature and the governor on the |
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effect, if it is possible to assess, of exemptions, discounts, |
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exclusions, special valuations, special accounting treatments, |
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special rates, and special methods of reporting relating to: |
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(1) sales, excise, and use tax under Chapter 151, Tax |
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Code; |
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(2) franchise tax under Chapter 171, Tax Code; |
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(3) school district property taxes under Title 1, Tax |
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Code; |
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(4) motor vehicle tax under Section 152.090, Tax Code; |
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(4-a) each severance tax under Subtitle I, Title 2, |
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Tax Code; and |
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(5) any other tax generating more than five percent of |
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state tax revenue in the prior fiscal year. |
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SECTION 2. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2025. |