83S20181 CJC-D
By: Isaac H.B. No. 55
A BILL TO BE ENTITLED
AN ACT
relating to the allocation of certain motor vehicle sales tax
revenue to the state highway fund.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter G, Chapter 152, Tax Code, is amended
by adding Section 152.1225 to read as follows:
Sec. 152.1225. ALLOCATION OF CERTAIN TAX REVENUE TO STATE
HIGHWAY FUND. (a) Notwithstanding Section 152.122, in each state
fiscal year beginning on or after September 1, 2015, the
comptroller shall deposit to the credit of the state highway fund
the amount of money that is:
(1) received under Sections 152.047 and 152.121;
(2) estimated to have been derived from the tax
imposed by this chapter on the sale of a self-propelled vehicle
designed to transport persons or property on a public highway; and
(3) remaining after the comptroller makes the
allocation required by Section 152.1222.
(b) The comptroller shall determine the amount described by
Subsection (a) using available statistical data. If satisfactory
data are not available, the comptroller may require county tax
assessor-collectors and sellers of motor vehicles in
seller-financed sales to report additional information to the
comptroller as necessary to make the allocation required by
Subsection (a).
SECTION 2. This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect on the 91st day after the last day of the
legislative session.