84R6790 CJC-D
By: Paul H.B. No. 1081
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 152.1223 to read as follows:
Sec. 152.1223. ALLOCATION OF CERTAIN TAX REVENUE TO STATE
HIGHWAY FUND. Notwithstanding Section 152.122, in each state
fiscal year beginning on or after September 1, 2017, the
comptroller shall deposit to the credit of the state highway fund
all money received under Sections 152.121 and 152.047 that is
derived from the tax imposed under Section 152.021 and is remaining
after the comptroller makes the allocation required by Section
152.1222.
SECTION 2. This Act takes effect September 1, 2015.