By: Oliveira (Senate Sponsor - Nichols) H.B. No. 2067
(In the Senate - Received from the House May 5, 2017;
May 10, 2017, read first time and referred to Committee on Finance;
May 15, 2017, reported favorably by the following vote: Yeas 9,
Nays 0; May 15, 2017, sent to printer.)
Click here to see the committee vote
A BILL TO BE ENTITLED
AN ACT
relating to the registration of a related finance company for
purposes of the motor vehicle sales and use tax; repealing the
authorization for a fee.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 152.0475(c), Tax Code, is amended to
read as follows:
(c) A related finance company may [annually] register with
the comptroller on a form prescribed by the comptroller. The
comptroller shall make the forms available to the public. A
registration remains in effect until canceled by the registration
holder or the comptroller.
SECTION 2. Section 152.0475(d), Tax Code, is repealed.
SECTION 3. This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2017.
* * * * *