84R2928 CJC-F
By: Simmons H.B. No. 373
A BILL TO BE ENTITLED
AN ACT
relating to the allocation of certain revenue from the taxes
imposed on the sale, rental, or use of motor vehicles 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. Section 152.122, Tax Code, is amended to read as
follows:
Sec. 152.122. ALLOCATION AND USE OF TAX. (a) Subject to
Section 152.1222, the [The] comptroller shall deposit the funds
received under Sections 152.043, 152.045, 152.047, and [Section]
152.121 [of this code] as follows:
(1) in the state fiscal year beginning September 1,
2015, 1/6 to the credit of the state highway fund and the remainder
[1/4] to the credit of the general revenue [foundation school]
fund; [and]
(2) in the state fiscal year beginning September 1,
2016, 1/3 to the credit of the state highway fund and the remainder
[remaining funds] to the credit of the general revenue fund;
(3) in the state fiscal year beginning September 1,
2017, 1/2 to the credit of the state highway fund and the remainder
to the credit of the general revenue fund;
(4) in the state fiscal year beginning September 1,
2018, 2/3 to the credit of the state highway fund and the remainder
to the credit of the general revenue fund;
(5) in the state fiscal year beginning September 1,
2019, 5/6 to the credit of the state highway fund and the remainder
to the credit of the general revenue fund; and
(6) in state fiscal years beginning on or after
September 1, 2020, 100 percent to the credit of the state highway
fund.
(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:
(A) a toll road or a toll project; or
(B) a mass transit rail system, including a
trolley.
SECTION 2. In addition to the substantive changes made by
this Act, this Act conforms Section 152.122, Tax Code, to the method
of allocating motor vehicle sales and use taxes in effect before the
effective date of this Act. Section 11.04, Chapter 4 (S.B. 3), Acts
of the 72nd Legislature, 1st Called Session, 1991, enacted former
Section 403.094(h), Government Code, which abolished certain state
fund dedications and resulted in the abolition of the allocation to
the foundation school fund effective August 31, 1995.
SECTION 3. This Act takes effect September 1, 2015.