82R8933 CJC-D
By: Menendez H.B. No. 1597
A BILL TO BE ENTITLED
AN ACT
relating to a temporary increase in the rate of the state sales and
use tax and dedicating the amount of the temporary increase to the
foundation school fund.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 151.051(b), Tax Code, is amended to read
as follows:
(b) The sales tax rate is 8-1/4 [6-1/4] percent of the sales
price of the taxable item sold.
SECTION 2. Section 151.801, Tax Code, is amended by
amending Subsection (a) and adding Subsection (b-1) to read as
follows:
(a) Except for the amounts allocated under Subsections (b),
(b-1), and (c), all proceeds from the collection of the taxes
imposed by this chapter shall be deposited to the credit of the
general revenue fund.
(b-1) Notwithstanding any other provision of this section,
all proceeds, other than the proceeds allocated under Subsection
(b), from the collection of taxes imposed by this chapter
attributable to the portion of the tax rate in excess of 6-1/4
percent of the sales price of the taxable item sold shall be
deposited to the credit of the foundation school fund.
SECTION 3. Effective October 1, 2013, Section 151.051(b),
Tax Code, is amended to read as follows:
(b) The sales tax rate is 6-1/4 percent of the sales price of
the taxable item sold.
SECTION 4. Effective October 1, 2013, Section 151.801(a),
Tax Code, is amended to read as follows:
(a) Except for the amounts allocated under Subsections (b)
and (c), all proceeds from the collection of the taxes imposed by
this chapter shall be deposited to the credit of the general revenue
fund.
SECTION 5. Effective October 1, 2013, Section 151.801(b-1),
Tax Code, is repealed.
SECTION 6. (a) The changes in law made by Sections 1 and 2
of this Act do not affect taxes imposed before October 1, 2011, and
the law in effect before that date is continued in effect for
purposes of the liability for and collection of those taxes.
(b) The change in law made by Section 3 of this Act does not
affect taxes imposed before October 1, 2013, and the law in effect
before that date is continued in effect for purposes of the
liability for and collection of those taxes.
SECTION 7. Except as otherwise provided by this Act, this
Act takes effect October 1, 2011.