84R2684 CJC-D
By: Leach H.B. No. 202
A BILL TO BE ENTITLED
AN ACT
relating to the allocation of certain motor vehicle sales, use, and
rental tax revenue to the state highway fund and to the uses of that
revenue.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter G, Chapter 152, Tax Code, is amended
by adding Section 152.1223 to read as follows:
Sec. 152.1223. ALLOCATION OF CERTAIN TAX REVENUE TO STATE
HIGHWAY FUND. (a) Notwithstanding Section 152.122, in each state
fiscal year beginning on or after September 1, 2018, the
comptroller shall deposit to the credit of the state highway fund an
amount of money that is equal to 50 percent of the money that is
received under Sections 152.043, 152.045, 152.047, and 152.121 and
is remaining after the comptroller makes the allocation required by
Section 152.1222.
(b) Money deposited to the credit of the state highway fund
under this section:
(1) may be appropriated only for a purpose authorized
by Section 7-a, Article VIII, Texas Constitution; and
(2) may not be used for toll roads.
SECTION 2. This Act takes effect September 1, 2015.