| 1 | 1 | | 84R2928 CJC-F |
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| 2 | 2 | | By: Simmons H.B. No. 373 |
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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 allocation of certain revenue from the taxes |
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| 8 | 8 | | imposed on the sale, rental, or use of motor vehicles to the state |
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| 9 | 9 | | highway fund and to the uses of that revenue. |
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| 10 | 10 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 11 | 11 | | SECTION 1. Section 152.122, Tax Code, is amended to read as |
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| 12 | 12 | | follows: |
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| 13 | 13 | | Sec. 152.122. ALLOCATION AND USE OF TAX. (a) Subject to |
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| 14 | 14 | | Section 152.1222, the [The] comptroller shall deposit the funds |
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| 15 | 15 | | received under Sections 152.043, 152.045, 152.047, and [Section] |
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| 16 | 16 | | 152.121 [of this code] as follows: |
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| 17 | 17 | | (1) in the state fiscal year beginning September 1, |
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| 18 | 18 | | 2015, 1/6 to the credit of the state highway fund and the remainder |
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| 19 | 19 | | [1/4] to the credit of the general revenue [foundation school] |
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| 20 | 20 | | fund; [and] |
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| 21 | 21 | | (2) in the state fiscal year beginning September 1, |
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| 22 | 22 | | 2016, 1/3 to the credit of the state highway fund and the remainder |
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| 23 | 23 | | [remaining funds] to the credit of the general revenue fund; |
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| 24 | 24 | | (3) in the state fiscal year beginning September 1, |
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| 25 | 25 | | 2017, 1/2 to the credit of the state highway fund and the remainder |
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| 26 | 26 | | to the credit of the general revenue fund; |
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| 27 | 27 | | (4) in the state fiscal year beginning September 1, |
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| 28 | 28 | | 2018, 2/3 to the credit of the state highway fund and the remainder |
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| 29 | 29 | | to the credit of the general revenue fund; |
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| 30 | 30 | | (5) in the state fiscal year beginning September 1, |
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| 31 | 31 | | 2019, 5/6 to the credit of the state highway fund and the remainder |
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| 32 | 32 | | to the credit of the general revenue fund; and |
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| 33 | 33 | | (6) in state fiscal years beginning on or after |
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| 34 | 34 | | September 1, 2020, 100 percent to the credit of the state highway |
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| 35 | 35 | | fund. |
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| 36 | 36 | | (b) Money deposited to the credit of the state highway fund |
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| 37 | 37 | | under this section: |
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| 38 | 38 | | (1) may be appropriated only for a purpose authorized |
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| 39 | 39 | | by Section 7-a, Article VIII, Texas Constitution; and |
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| 40 | 40 | | (2) may not be used for: |
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| 41 | 41 | | (A) a toll road or a toll project; or |
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| 42 | 42 | | (B) a mass transit rail system, including a |
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| 43 | 43 | | trolley. |
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| 44 | 44 | | SECTION 2. In addition to the substantive changes made by |
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| 45 | 45 | | this Act, this Act conforms Section 152.122, Tax Code, to the method |
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| 46 | 46 | | of allocating motor vehicle sales and use taxes in effect before the |
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| 47 | 47 | | effective date of this Act. Section 11.04, Chapter 4 (S.B. 3), Acts |
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| 48 | 48 | | of the 72nd Legislature, 1st Called Session, 1991, enacted former |
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| 49 | 49 | | Section 403.094(h), Government Code, which abolished certain state |
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| 50 | 50 | | fund dedications and resulted in the abolition of the allocation to |
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| 51 | 51 | | the foundation school fund effective August 31, 1995. |
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| 52 | 52 | | SECTION 3. This Act takes effect September 1, 2015. |
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