Relating to the allocation of certain motor vehicle sales tax revenue to the state highway fund.
Impact
The primary impact of HB 1081 revolves around enhancing the resources allocated for the maintenance and development of the state's highways. By rerouting motor vehicle sales tax revenues directly to the highway fund, the bill aims to ensure that these funds are utilized effectively for addressing infrastructure needs. The strategy may help in ameliorating the condition of public road systems while facilitating smoother transportation within Texas, which is crucial for economic activity and growth.
Summary
House Bill 1081 proposes an amendment to the Tax Code of Texas, specifically focusing on the allocation of certain motor vehicle sales tax revenue to the state highway fund. The bill mandates that beginning from the fiscal year after September 1, 2017, all funds received from the specified tax sources will be directed into the state highway fund after necessary prior allocations have been made. This signifies a clear intention to bolster the funding available for transportation infrastructure within the state.
Contention
Discussions surrounding the bill may center on differing opinions regarding fiscal allocation and highway funding priorities. Advocates argue that a guaranteed funding stream through motor vehicle sales tax will help regularly maintain and improve infrastructure amid growing transportation demands. Conversely, critics could highlight concerns that prioritizing these funds for highways at the potential expense of other public services and infrastructure projects might lead to inequitable funding distribution. Additionally, there might be debates over whether the definitive allocation of these funds aligns with broader fiscal policies and budgetary commitments.
Proposing a constitutional amendment providing for the creation of and use of money in the Grow Texas fund and allocating certain general revenues to that fund, the economic stabilization fund, and the state highway fund.
Relating to the determination of the sufficient balance of the economic stabilization fund for the purpose of allocating general revenue to that fund and the state highway fund.
Relating to the determination of the sufficient balance of the economic stabilization fund for the purpose of allocating general revenue to that fund and the state highway fund.
Relating to the allocation of certain constitutional transfers of money to the economic stabilization fund, the state highway fund, the oil and gas regulation and cleanup account, the Texas emissions reduction plan fund, the property tax relief fund, and the Texas severance tax revenue and oil and natural gas (Texas STRONG) defense fund and to the permissible uses of money deposited to the Texas severance tax revenue and oil and natural gas (Texas STRONG) defense fund.
Relating to the allocation of certain constitutional transfers of money to the economic stabilization fund, the state highway fund, and the Grow Texas fund and to the permissible uses of money deposited to the Grow Texas fund.
Relating to the Texas Connectivity Fund and to the allocation and the use of certain proceeds from the imposition of state sales and use taxes on telecommunications services.
Relating to the allocation and deposit of certain surplus state revenue to the property tax relief fund for use in reducing school district maintenance and operations ad valorem taxes.
Relating to the allocation and deposit of certain surplus state revenue to the property tax relief fund for use in reducing school district maintenance and operations ad valorem taxes.
Relating to the allocation and deposit of certain surplus state revenue to the property tax relief fund for use in reducing school district maintenance and operations ad valorem taxes.