88R1252 CJC-D
By: Canales H.C.R. No. 47
CONCURRENT RESOLUTION
WHEREAS, Section 7-c(f), Article VIII, Texas Constitution,
provides: "The legislature by adoption of a resolution approved by
a record vote of a majority of the members of each house of the
legislature may extend, in 10-year increments, the duty of the
comptroller of public accounts to make a deposit under Subsection
(a) or (b) of this section beyond the applicable date prescribed by
Subsection (e) of this section."; and
WHEREAS, Under Section 7-c(e)(1), Article VIII, Texas
Constitution, the duty of the comptroller of public accounts under
Section 7-c(a) of that article to deposit to the credit of the state
highway fund $2.5 billion of the net revenue derived from the
imposition of the state sales and use tax on the sale, storage, use,
or other consumption in this state of taxable items under Chapter
151, Tax Code, or its successor, that exceeds the first $28 billion
of that revenue coming into the treasury in that state fiscal year
expires August 31, 2032; and
WHEREAS, Under Section 7-c(e)(2), Article VIII, Texas
Constitution, the duty of the comptroller of public accounts under
Section 7-c(b) of that article to deposit to the credit of the state
highway fund an amount equal to 35 percent of the net revenue
derived from the tax authorized by Chapter 152, Tax Code, or its
successor, and imposed on the sale, use, or rental of a motor
vehicle that exceeds the first $5 billion of that revenue coming
into the treasury in that state fiscal year expires August 31, 2029;
now, therefore, be it
RESOLVED by the 88th Legislature of the State of Texas, That
the duty of the comptroller of public accounts under Section
7-c(a), Article VIII, Texas Constitution, to deposit to the credit
of the state highway fund $2.5 billion of the net revenue derived
from the imposition of the state sales and use tax on the sale,
storage, use, or other consumption in this state of taxable items
under Chapter 151, Tax Code, or its successor, that exceeds the
first $28 billion of that revenue coming into the treasury in that
state fiscal year is extended and expires August 31, 2042; and, be
it further
RESOLVED, That the duty of the comptroller of public accounts
under Section 7-c(b), Article VIII, Texas Constitution, to deposit
to the credit of the state highway fund an amount equal to 35
percent of the net revenue derived from the tax authorized by
Chapter 152, Tax Code, or its successor, and imposed on the sale,
use, or rental of a motor vehicle that exceeds the first $5 billion
of that revenue coming into the treasury in that state fiscal year
is extended and expires August 31, 2039; and, be it further
RESOLVED, That this resolution is adopted only if approved by
a record vote of a majority of the members of each house of the
legislature; and, be it further
RESOLVED, That the secretary of state forward an official
copy of this resolution to the comptroller of public accounts.