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