TX
Texas House Bill HB129

Texas 2015 - 84th Regular

Texas House Bill HB129

Voted on by House
 
Out of Senate Committee
 
Voted on by Senate
 
Governor Action
 
Bill Becomes Law
 

Caption

Relating to the allocation to the state highway fund of revenue from the taxes imposed on the sale, rental, or use of motor vehicles and other taxes imposed on motor vehicles.

Impact

The implications of HB 129 are substantial, as it seeks to consolidate motor vehicle tax revenues to support state highways directly. By shifting the financial resources into a dedicated fund, it prioritizes transportation needs, enabling better maintenance and improvement of roadways. This bill is relevant amidst concerns regarding infrastructure deterioration and financial strains faced by local governments. Supporters argue it will lead to improved road conditions and support economic activity, as efficient transportation is pivotal for commerce and daily commutes.

Summary

House Bill 129 focuses on the allocation of revenue generated from taxes imposed on the sale, rental, or use of motor vehicles. The bill amends Section 152.122 of the Texas Tax Code to direct all related revenues to the state highway fund. This marks a significant shift in how these tax revenues are distributed, moving away from previous allocations that included funding for the foundation school fund and general revenue. The intent behind this legislative change is to enhance funding for transportation infrastructure within the state, which has become a pressing issue as Texas continues to grow and face increased traffic demands.

Contention

Although HB 129 is aimed at enhancing transportation funding, there could be contention regarding the loss of previously allocated funds to the foundation school fund, which supports education in the state. Critics may argue that redirecting funds away from education could have detrimental effects on local schools. The discourse around the bill is expected to highlight the trade-offs between investing in transportation infrastructure versus maintaining funding for educational initiatives, prompting lawmakers to balance the demands for both critical areas.

Companion Bills

No companion bills found.

Previously Filed As

TX HB447

Relating to sales and use taxes imposed on certain assault weapons; imposing taxes.

TX HB2027

Relating to the imposition of a road use tax on the retail sale of electric motor vehicles.

TX HB4602

Relating to the collection, remittance, and administration of certain taxes on motor vehicles rented through a marketplace rental provider; imposing a penalty.

TX HB3209

Relating to the collection, remittance, and administration of certain taxes on motor vehicles rented through a marketplace rental provider; imposing a penalty.

TX SB377

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.

TX HB747

Relating to the computation of the tax imposed on the sale of certain motor vehicles.

TX HB3389

Relating to a refund of motor vehicle sales taxes paid on certain bad debt.

TX SB1498

Relating to the collection, remittance, and administration of the tax on gross rental receipts on motor vehicles rented through a marketplace rental provider; imposing a penalty.

TX SB1464

Relating to prohibiting a retail seller of motor vehicles from imposing certain restrictions on the purchase of a motor vehicle.

TX HB2226

Relating to state and municipal motor fuel taxes; providing civil penalties; creating criminal offenses; requiring occupational licenses; authorizing the imposition of taxes; providing for increases and decreases in the rates of taxes.

Similar Bills

No similar bills found.