| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | By: Dean H.B. No. 1489 | |
| 2 | 2 | ||
| 3 | 3 | ||
| 4 | 4 | A BILL TO BE ENTITLED | |
| 5 | 5 | AN ACT | |
| 6 | 6 | relating to computation of tax based on the standard presumptive | |
| 7 | 7 | value of a motor vehicle. | |
| 8 | 8 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 9 | 9 | SECTION 1. Section 152.0412, Tax Code, is amended to read as | |
| 10 | 10 | follows: | |
| 11 | 11 | (b) If the amount paid for a motor vehicle subject to the tax | |
| 12 | 12 | imposed by this chapter is equal to or greater than [80] 50 percent | |
| 13 | 13 | of the standard presumptive value of the vehicle, a county tax | |
| 14 | 14 | assessor-collector shall computer the tax on the amount paid. | |
| 15 | 15 | (c) If the amount paid for a motor vehicle subject to the tax | |
| 16 | 16 | imposed by this chapter is less than [80] 50 percent of the standard | |
| 17 | 17 | presumptive value of the vehicle, a county tax assessor-collector | |
| 18 | 18 | shall computer the tax on the amount that is equal to [80] 50 | |
| 19 | 19 | percent of the standard presumptive value of the vehicle, unless | |
| 20 | 20 | the purchaser establishes the valuation of the vehicle as provide | |
| 21 | 21 | by Subsection (d). | |
| 22 | 22 | SECTION 2. This Act takes effect September 1, 2021. |