| 1 | 1 | | 84R6988 CJC-D |
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| 2 | 2 | | By: Paul H.B. No. 1622 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | A BILL TO BE ENTITLED |
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| 6 | 6 | | AN ACT |
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| 7 | 7 | | relating to the allocation of certain revenue derived from the |
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| 8 | 8 | | state gasoline tax. |
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| 9 | 9 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 10 | 10 | | SECTION 1. Section 162.503, Tax Code, is amended to read as |
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| 11 | 11 | | follows: |
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| 12 | 12 | | Sec. 162.503. ALLOCATION OF GASOLINE TAX. [(a)] On or |
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| 13 | 13 | | before the fifth workday after the end of each month, the |
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| 14 | 14 | | comptroller, after making all deductions for refund purposes and |
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| 15 | 15 | | for the amounts allocated under Sections 162.502 and 162.5025, |
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| 16 | 16 | | shall allocate the net remainder of the taxes collected under |
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| 17 | 17 | | Subchapter B as follows: |
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| 18 | 18 | | (1) one-fourth [of the tax] shall be deposited to the |
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| 19 | 19 | | credit of the available school fund; and |
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| 20 | 20 | | (2) three-fourths [one-half of the tax] shall be |
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| 21 | 21 | | deposited to the credit of the state highway fund [for the |
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| 22 | 22 | | construction and maintenance of the state road system under |
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| 23 | 23 | | existing law; and |
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| 24 | 24 | | [(3) from the remaining one-fourth of the tax the |
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| 25 | 25 | | comptroller shall: |
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| 26 | 26 | | [(A) deposit to the credit of the county and road |
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| 27 | 27 | | district highway fund all the remaining tax receipts until a total |
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| 28 | 28 | | of $7,300,000 has been credited to the fund each fiscal year; and |
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| 29 | 29 | | [(B) after the amount required to be deposited to |
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| 30 | 30 | | the county and road district highway fund has been deposited, |
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| 31 | 31 | | deposit to the credit of the state highway fund the remainder of the |
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| 32 | 32 | | one-fourth of the tax, the amount to be provided on the basis of |
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| 33 | 33 | | allocations made each month of the fiscal year, which sum shall be |
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| 34 | 34 | | used by the Texas Department of Transportation for the |
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| 35 | 35 | | construction, improvement, and maintenance of farm-to-market |
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| 36 | 36 | | roads]. |
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| 37 | 37 | | SECTION 2. The change in law made by this Act does not |
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| 38 | 38 | | affect tax liability accruing before the effective date of this |
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| 39 | 39 | | Act. That liability continues in effect as if this Act had not been |
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| 40 | 40 | | enacted, and the former law is continued in effect for the |
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| 41 | 41 | | collection and allocation of that revenue. |
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| 42 | 42 | | SECTION 3. This Act takes effect September 1, 2015. |
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