| Old | New | Differences | |
|---|---|---|---|
| 1 | - | 86R29881 SRA-F | |
| 2 | 1 | By: Huberty H.B. No. 4621 | |
| 3 | - | Substitute the following for H.B. No. 4621: | |
| 4 | - | By: Murphy C.S.H.B. No. 4621 | |
| 5 | 2 | ||
| 6 | 3 | ||
| 7 | 4 | A BILL TO BE ENTITLED | |
| 8 | 5 | AN ACT | |
| 9 | - | relating to the | |
| 10 | - | from | |
| 11 | - | | |
| 12 | - | | |
| 6 | + | relating to the imposition of sales and use taxes and the allocation | |
| 7 | + | of certain revenue from sales and use taxes to school district | |
| 8 | + | property tax relief and public education; authorizing the | |
| 9 | + | imposition of a tax. | |
| 13 | 10 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 14 | 11 | SECTION 1. Section 151.051(b), Tax Code, is amended to read | |
| 15 | - | as | |
| 16 | - | (b) The sales tax rate is | |
| 12 | + | as follow: | |
| 13 | + | (b) The sales tax rate is 6.26 [6-1/4] percent of the sales | |
| 17 | 14 | price of the taxable item sold. | |
| 18 | 15 | SECTION 2. Subchapter M, Chapter 151, Tax Code, is amended | |
| 19 | - | by adding Section 151.804 to read as follows: | |
| 20 | - | Sec. 151.804. USE OF CERTAIN REVENUE FOR SCHOOL DISTRICT AD | |
| 21 | - | VALOREM TAX REDUCTION. An amount equal to the proceeds from the | |
| 22 | - | collection of taxes imposed by this chapter attributable to the | |
| 23 | - | portion of the tax rates in excess of 6.25 percent may be used only | |
| 24 | - | to provide property tax relief through reduction of the state | |
| 25 | - | compression percentage, as defined by Section 42.2516(a), | |
| 26 | - | Education Code. | |
| 16 | + | by adding Section 151.802 to read as follows: | |
| 17 | + | Sec. 151.802. ALLOCATION OF CERTAIN REVENUE TO PROPERTY TAX | |
| 18 | + | RELIEF FUND. Notwithstanding Section 151.801, all proceeds from | |
| 19 | + | the collection of taxes imposed by this chapter attributable to the | |
| 20 | + | portion of the tax rate in excess of 6.26 percent shall be deposited | |
| 21 | + | to the credit of the property tax relief fund under Section 403.109, | |
| 22 | + | Government Code. | |
| 27 | 23 | SECTION 3. The change in law made by this Act does not | |
| 28 | - | affect tax liability accruing before the effective date of this | |
| 24 | + | affec | |
| 25 | + | t tax liability accruing before the effective date of this | |
| 29 | 26 | Act. That liability continues in effect as if this Act had not been | |
| 30 | 27 | enacted, and the former law is continued in effect for the | |
| 31 | 28 | collection of taxes due and for civil and criminal enforcement of | |
| 32 | 29 | the liability for those taxes. | |
| 33 | 30 | SECTION 4. This Act takes effect January 1, 2020, but only | |
| 34 | 31 | if the constitutional amendment proposed by the 86th legislature, | |
| 35 | - | Regular Session, 2019, to provide property tax relief by reducing | |
| 36 | - | school district maintenance and operations ad valorem tax rates and | |
| 37 | - | increasing the state sales and use tax rates is approved by the | |
| 38 | - | voters. If that proposed constitutional amendment is not approved | |
| 39 | - | by the voters, this Act has no effect. | |
| 32 | + | Regular Session, 2019, providing funding for the cost of | |
| 33 | + | maintaining and operating the public school system and to reduce | |
| 34 | + | school district ad valorem tax rates through an increase in the | |
| 35 | + | state sales and use tax rate is approved by the voters. If that | |
| 36 | + | proposed constitutional amendment is not approved by the voters, | |
| 37 | + | this Act has no effect. |