| 1 | 1 | | 86R16612 SMT-D |
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| 2 | 2 | | By: Krause H.B. No. 4216 |
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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 deposit of certain hotel occupancy and car rental |
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| 8 | 8 | | tax revenue into the foundation school fund. |
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| 9 | 9 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 10 | 10 | | SECTION 1. Subchapter G, Chapter 152, Tax Code, is amended |
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| 11 | 11 | | by adding Section 152.1221 to read as follows: |
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| 12 | 12 | | Sec. 152.1221. CERTAIN TAX REVENUE DEPOSITED TO CREDIT OF |
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| 13 | 13 | | FOUNDATION SCHOOL FUND. (a) On or before October 1 of each year, |
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| 14 | 14 | | the comptroller shall determine the amount of taxes collected under |
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| 15 | 15 | | this chapter that is attributable to taxes imposed in August of that |
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| 16 | 16 | | year. |
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| 17 | 17 | | (b) Notwithstanding Section 152.122, the comptroller shall |
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| 18 | 18 | | deposit the amount determined under Subsection (a) to the credit of |
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| 19 | 19 | | the foundation school fund. |
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| 20 | 20 | | SECTION 2. Section 156.251(a), Tax Code, is amended to read |
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| 21 | 21 | | as follows: |
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| 22 | 22 | | (a) Except as provided by Section 156.252, the [The] revenue |
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| 23 | 23 | | from the tax imposed by this chapter shall be deposited in the state |
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| 24 | 24 | | treasury to the credit of the general revenue fund. |
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| 25 | 25 | | SECTION 3. Subchapter F, Chapter 156, Tax Code, is amended |
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| 26 | 26 | | by adding Section 156.252 to read as follows: |
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| 27 | 27 | | Sec. 156.252. CERTAIN TAX REVENUE DEPOSITED TO CREDIT OF |
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| 28 | 28 | | FOUNDATION SCHOOL FUND. (a) On or before October 1 of each year, |
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| 29 | 29 | | the comptroller shall determine the amount of taxes collected under |
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| 30 | 30 | | this chapter that is attributable to taxes imposed in August of that |
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| 31 | 31 | | year. |
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| 32 | 32 | | (b) The comptroller shall deposit the amount determined |
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| 33 | 33 | | under Subsection (a) to the credit of the foundation school fund. |
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| 34 | 34 | | SECTION 4. This Act takes effect January 1, 2020. |
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