84R6794 GRM-D
By: Spitzer, Wray H.B. No. 2112
A BILL TO BE ENTITLED
AN ACT
relating to the valuation used to compute the sales and use tax
imposed on the sale of certain motor vehicles.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 152.0412(d), Tax Code, is amended to
read as follows:
(d) A county tax assessor-collector shall compute the tax
imposed by this chapter on the valuation of a motor vehicle if the
valuation is shown on:
(1) documentation, including a receipt or invoice,
provided by the seller to the purchaser of the vehicle, but only if
the seller is a motor vehicle dealer operating under Subchapter B,
Chapter 503, Transportation Code, or under similar regulatory
requirements of another state; [or]
(2) an appraisal certified by an adjuster licensed
under Chapter 4101, Insurance Code, by a motor vehicle dealer
operating under Subchapter B, Chapter 503, Transportation Code, or
by an adjuster or motor vehicle dealer licensed or operating under
similar regulatory requirements of another state; or
(3) a notarized affidavit stating the purchase price
of the vehicle and containing both the seller's and buyer's
signatures.
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 enforcement of those taxes.
SECTION 3. This Act takes effect September 1, 2015.