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1 | 1 | 84R6790 CJC-D | |
2 | 2 | By: Paul H.B. No. 1081 | |
3 | 3 | ||
4 | 4 | ||
5 | 5 | A BILL TO BE ENTITLED | |
6 | 6 | AN ACT | |
7 | 7 | relating to the allocation of certain motor vehicle sales tax | |
8 | 8 | revenue to the state highway fund. | |
9 | 9 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
10 | 10 | SECTION 1. Subchapter G, Chapter 152, Tax Code, is amended | |
11 | 11 | by adding Section 152.1223 to read as follows: | |
12 | 12 | Sec. 152.1223. ALLOCATION OF CERTAIN TAX REVENUE TO STATE | |
13 | 13 | HIGHWAY FUND. Notwithstanding Section 152.122, in each state | |
14 | 14 | fiscal year beginning on or after September 1, 2017, the | |
15 | 15 | comptroller shall deposit to the credit of the state highway fund | |
16 | 16 | all money received under Sections 152.121 and 152.047 that is | |
17 | 17 | derived from the tax imposed under Section 152.021 and is remaining | |
18 | 18 | after the comptroller makes the allocation required by Section | |
19 | 19 | 152.1222. | |
20 | 20 | SECTION 2. This Act takes effect September 1, 2015. |