| 1 | 1 | | 88R1058 RDS-F |
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| 2 | 2 | | By: Dean H.B. No. 747 |
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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 computation of the tax imposed on the sale of |
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| 8 | 8 | | certain motor vehicles. |
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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. Sections 152.0412(b) and (c), Tax Code, are |
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| 11 | 11 | | amended to read as follows: |
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| 12 | 12 | | (b) If the amount paid for a motor vehicle subject to the tax |
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| 13 | 13 | | imposed by this chapter is equal to or greater than 50 [80] percent |
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| 14 | 14 | | of the standard presumptive value of the vehicle, a county tax |
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| 15 | 15 | | assessor-collector shall compute the tax on the amount paid. |
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| 16 | 16 | | (c) If the amount paid for a motor vehicle subject to the tax |
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| 17 | 17 | | imposed by this chapter is less than 50 [80] percent of the standard |
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| 18 | 18 | | presumptive value of the vehicle, a county tax assessor-collector |
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| 19 | 19 | | shall compute the tax on the amount that is equal to 50 [80] percent |
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| 20 | 20 | | of the standard presumptive value of the vehicle, unless the |
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| 21 | 21 | | purchaser establishes the valuation of the vehicle as provided by |
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| 22 | 22 | | Subsection (d). |
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| 23 | 23 | | SECTION 2. The change in law made by this Act does not |
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| 24 | 24 | | affect tax liability accruing before the effective date of this |
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| 25 | 25 | | Act. That liability continues in effect as if this Act had not been |
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| 26 | 26 | | enacted, and the former law is continued in effect for the |
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| 27 | 27 | | collection of taxes due and for civil and criminal enforcement of |
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| 28 | 28 | | the liability for those taxes. |
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| 29 | 29 | | SECTION 3. This Act takes effect September 1, 2023. |
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