Texas 2023 - 88th Regular

Texas House Bill HCR47 Compare Versions

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1	1	88R1252 CJC-D
2	2	By: Canales H.C.R. No. 47
3	3
4	4
5	5	CONCURRENT RESOLUTION
6	6	WHEREAS, Section 7-c(f), Article VIII, Texas Constitution,
7	7	provides: "The legislature by adoption of a resolution approved by
8	8	a record vote of a majority of the members of each house of the
9	9	legislature may extend, in 10-year increments, the duty of the
10	10	comptroller of public accounts to make a deposit under Subsection
11	11	(a) or (b) of this section beyond the applicable date prescribed by
12	12	Subsection (e) of this section."; and
13	13	WHEREAS, Under Section 7-c(e)(1), Article VIII, Texas
14	14	Constitution, the duty of the comptroller of public accounts under
15	15	Section 7-c(a) of that article to deposit to the credit of the state
16	16	highway fund $2.5 billion of the net revenue derived from the
17	17	imposition of the state sales and use tax on the sale, storage, use,
18	18	or other consumption in this state of taxable items under Chapter
19	19	151, Tax Code, or its successor, that exceeds the first $28 billion
20	20	of that revenue coming into the treasury in that state fiscal year
21	21	expires August 31, 2032; and
22	22	WHEREAS, Under Section 7-c(e)(2), Article VIII, Texas
23	23	Constitution, the duty of the comptroller of public accounts under
24	24	Section 7-c(b) of that article to deposit to the credit of the state
25	25	highway fund an amount equal to 35 percent of the net revenue
26	26	derived from the tax authorized by Chapter 152, Tax Code, or its
27	27	successor, and imposed on the sale, use, or rental of a motor
28	28	vehicle that exceeds the first $5 billion of that revenue coming
29	29	into the treasury in that state fiscal year expires August 31, 2029;
30	30	now, therefore, be it
31	31	RESOLVED by the 88th Legislature of the State of Texas, That
32	32	the duty of the comptroller of public accounts under Section
33	33	7-c(a), Article VIII, Texas Constitution, to deposit to the credit
34	34	of the state highway fund $2.5 billion of the net revenue derived
35	35	from the imposition of the state sales and use tax on the sale,
36	36	storage, use, or other consumption in this state of taxable items
37	37	under Chapter 151, Tax Code, or its successor, that exceeds the
38	38	first $28 billion of that revenue coming into the treasury in that
39	39	state fiscal year is extended and expires August 31, 2042; and, be
40	40	it further
41	41	RESOLVED, That the duty of the comptroller of public accounts
42	42	under Section 7-c(b), Article VIII, Texas Constitution, to deposit
43	43	to the credit of the state highway fund an amount equal to 35
44	44	percent of the net revenue derived from the tax authorized by
45	45	Chapter 152, Tax Code, or its successor, and imposed on the sale,
46	46	use, or rental of a motor vehicle that exceeds the first $5 billion
47	47	of that revenue coming into the treasury in that state fiscal year
48	48	is extended and expires August 31, 2039; and, be it further
49	49	RESOLVED, That this resolution is adopted only if approved by
50	50	a record vote of a majority of the members of each house of the
51	51	legislature; and, be it further
52	52	RESOLVED, That the secretary of state forward an official
53	53	copy of this resolution to the comptroller of public accounts.