Relating to the allocation of certain motor fuels tax revenue.
Impact
If enacted, HB2737 would directly influence the management of motor fuels tax revenues, leading to an increase in funds available for state highway projects. Allocating more resources to the state highway fund could enhance public transportation infrastructure and safety, ultimately benefiting Texas residents. However, the bill ensures that the allocation framework will not retroactively affect taxes collected prior to its enactment, maintaining a degree of continuity in tax liability and revenue collection practices.
Summary
House Bill 2737 proposes amendments to the existing laws regarding the allocation of motor fuels tax revenue in Texas. The bill specifically restructures how taxes collected from gasoline, diesel, liquefied gas, and natural gas are distributed among state funds. The allocation will now ensure that a significant portion of tax revenue is directed towards the state highway fund, emphasizing the need for better funding for road construction and maintenance. The changes are intended to streamline funding towards improving the infrastructure critical for transportation across the state.
Contention
Although there may not be evident opposition discussed in the provided sources, potential points of contention could arise concerning how funds are utilized once allocated. Critics may argue about prioritizing highway funding over other public services or development projects. Additionally, there may be discussions about the need for transparency in how the funds are spent and whether the increased funding will truly lead to tangible improvements in highway safety and infrastructure.
Enabling for
Proposing a constitutional amendment to limit the purposes for which revenue from motor vehicle registration fees and taxes on motor fuels and lubricants may be used.
Relating to state and municipal motor fuel taxes; providing civil penalties; creating criminal offenses; requiring occupational licenses; authorizing the imposition of taxes; providing for increases and decreases in the rates of taxes.
Proposing a constitutional amendment providing for the creation of and use of money in the Grow Texas fund and allocating certain general revenues to that fund, the economic stabilization fund, and the state highway fund.
Relating to the creation and re-creation of funds and accounts, the dedication and rededication of revenue and allocation of accrued interest on dedicated revenue, and the exemption of unappropriated money from use for general governmental purposes.
Relating to the allocation and deposit of certain surplus state revenue to the property tax relief fund for use in reducing school district maintenance and operations ad valorem taxes.
Relating to the allocation and deposit of certain surplus state revenue to the property tax relief fund for use in reducing school district maintenance and operations ad valorem taxes.
Relating to the allocation and deposit of certain surplus state revenue to the property tax relief fund for use in reducing school district maintenance and operations ad valorem taxes.
Relating to the allocation and deposit of certain surplus state revenue to the property tax relief fund for use in reducing school district maintenance and operations ad valorem taxes.