86R16612 SMT-D
By: Krause H.B. No. 4216
A BILL TO BE ENTITLED
AN ACT
relating to the deposit of certain hotel occupancy and car rental
tax revenue into the foundation school fund.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter G, Chapter 152, Tax Code, is amended
by adding Section 152.1221 to read as follows:
Sec. 152.1221. CERTAIN TAX REVENUE DEPOSITED TO CREDIT OF
FOUNDATION SCHOOL FUND. (a) On or before October 1 of each year,
the comptroller shall determine the amount of taxes collected under
this chapter that is attributable to taxes imposed in August of that
year.
(b) Notwithstanding Section 152.122, the comptroller shall
deposit the amount determined under Subsection (a) to the credit of
the foundation school fund.
SECTION 2. Section 156.251(a), Tax Code, is amended to read
as follows:
(a) Except as provided by Section 156.252, the [The] revenue
from the tax imposed by this chapter shall be deposited in the state
treasury to the credit of the general revenue fund.
SECTION 3. Subchapter F, Chapter 156, Tax Code, is amended
by adding Section 156.252 to read as follows:
Sec. 156.252. CERTAIN TAX REVENUE DEPOSITED TO CREDIT OF
FOUNDATION SCHOOL FUND. (a) On or before October 1 of each year,
the comptroller shall determine the amount of taxes collected under
this chapter that is attributable to taxes imposed in August of that
year.
(b) The comptroller shall deposit the amount determined
under Subsection (a) to the credit of the foundation school fund.
SECTION 4. This Act takes effect January 1, 2020.