| 1 | 1 | | 84R6794 GRM-D |
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| 2 | 2 | | By: Spitzer, Wray H.B. No. 2112 |
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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 valuation used to compute the sales and use tax |
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| 8 | 8 | | imposed on the sale of certain motor vehicles. |
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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 152.0412(d), Tax Code, is amended to |
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| 11 | 11 | | read as follows: |
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| 12 | 12 | | (d) A county tax assessor-collector shall compute the tax |
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| 13 | 13 | | imposed by this chapter on the valuation of a motor vehicle if the |
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| 14 | 14 | | valuation is shown on: |
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| 15 | 15 | | (1) documentation, including a receipt or invoice, |
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| 16 | 16 | | provided by the seller to the purchaser of the vehicle, but only if |
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| 17 | 17 | | the seller is a motor vehicle dealer operating under Subchapter B, |
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| 18 | 18 | | Chapter 503, Transportation Code, or under similar regulatory |
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| 19 | 19 | | requirements of another state; [or] |
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| 20 | 20 | | (2) an appraisal certified by an adjuster licensed |
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| 21 | 21 | | under Chapter 4101, Insurance Code, by a motor vehicle dealer |
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| 22 | 22 | | operating under Subchapter B, Chapter 503, Transportation Code, or |
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| 23 | 23 | | by an adjuster or motor vehicle dealer licensed or operating under |
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| 24 | 24 | | similar regulatory requirements of another state; or |
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| 25 | 25 | | (3) a notarized affidavit stating the purchase price |
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| 26 | 26 | | of the vehicle and containing both the seller's and buyer's |
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| 27 | 27 | | signatures. |
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| 28 | 28 | | SECTION 2. The change in law made by this Act does not |
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| 29 | 29 | | affect tax liability accruing before the effective date of this |
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| 30 | 30 | | Act. That liability continues in effect as if this Act had not been |
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| 31 | 31 | | enacted, and the former law is continued in effect for the |
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| 32 | 32 | | collection and enforcement of those taxes. |
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| 33 | 33 | | SECTION 3. This Act takes effect September 1, 2015. |
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