88R1058 RDS-F
By: Dean H.B. No. 747
A BILL TO BE ENTITLED
AN ACT
relating to the computation of the tax imposed on the sale of
certain motor vehicles.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Sections 152.0412(b) and (c), Tax Code, are
amended to read as follows:
(b) If the amount paid for a motor vehicle subject to the tax
imposed by this chapter is equal to or greater than 50 [80] percent
of the standard presumptive value of the vehicle, a county tax
assessor-collector shall compute the tax on the amount paid.
(c) If the amount paid for a motor vehicle subject to the tax
imposed by this chapter is less than 50 [80] percent of the standard
presumptive value of the vehicle, a county tax assessor-collector
shall compute the tax on the amount that is equal to 50 [80] percent
of the standard presumptive value of the vehicle, unless the
purchaser establishes the valuation of the vehicle as provided by
Subsection (d).
SECTION 2. The change in law made by this Act does not
affect tax liability accruing before the effective date of this
Act. That liability continues in effect as if this Act had not been
enacted, and the former law is continued in effect for the
collection of taxes due and for civil and criminal enforcement of
the liability for those taxes.
SECTION 3. This Act takes effect September 1, 2023.