| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | By: Estes S.B. No. 248 | |
| 2 | 2 | ||
| 3 | 3 | ||
| 4 | 4 | A BILL TO BE ENTITLED | |
| 5 | 5 | AN ACT | |
| 6 | 6 | relating to the allocation of the proceeds from taxes imposed on the | |
| 7 | 7 | sale, storage, or use of sporting goods. | |
| 8 | 8 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 9 | 9 | SECTION 1. Section 151.801(c-1), Tax Code, is repealed. | |
| 10 | 10 | SECTION 2. Section 151.801(c), Tax Code, is amended to read | |
| 11 | 11 | as follows: | |
| 12 | 12 | (c) The [Subject to Subsection (c-1), the] proceeds from the | |
| 13 | 13 | collection of the taxes imposed by this chapter on the sale, | |
| 14 | 14 | storage, or use of sporting goods shall be deposited as follows: | |
| 15 | 15 | (1) an amount equal to 94 percent of the proceeds shall | |
| 16 | 16 | be credited to the Parks and Wildlife Department and deposited as | |
| 17 | 17 | specified in the Parks and Wildlife Code; and | |
| 18 | 18 | (2) an amount equal to six percent of the proceeds | |
| 19 | 19 | shall be credited to the Texas Historical Commission and deposited | |
| 20 | 20 | as specified in Section 442.073, Government Code. | |
| 21 | 21 | SECTION 3. This Act takes effect September 1, 2015. |