84R242 CJC-D
By: Larson H.B. No. 158
A BILL TO BE ENTITLED
AN ACT
relating to the allocation of the proceeds from taxes imposed on the
sale, storage, or use of sporting goods.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 151.801(c-1), Tax Code, is repealed.
SECTION 2. Section 151.801(c), Tax Code, is amended to read
as follows:
(c) The [Subject to Subsection (c-1), the] proceeds from the
collection of the taxes imposed by this chapter on the sale,
storage, or use of sporting goods shall be deposited as follows:
(1) an amount equal to 94 percent of the proceeds shall
be credited to the Parks and Wildlife Department and deposited as
specified in the Parks and Wildlife Code; and
(2) an amount equal to six percent of the proceeds
shall be credited to the Texas Historical Commission and deposited
as specified in Section 442.073, Government Code.
SECTION 3. This Act takes effect September 1, 2015.