Bill Text: TX HB1046 | 2019-2020 | 86th Legislature | Introduced

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Bill Title: Relating to the allocation to the state highway fund of certain motor vehicle sales, use, and rental tax revenue and to the use of that revenue.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2019-02-27 - Referred to Appropriations [HB1046 Detail]

Download: Texas-2019-HB1046-Introduced.html

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By: Martinez H.B. No. 1046

A BILL TO BE ENTITLED
AN ACT
relating to amending the portion of the revenue derived from the tax
imposed on the sale, use, or rental of a motor vehicle to the state
highway fund.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Article VIII, Texas Constitution, is amended by
amending Section 7-c(b) to read as follows:
(b) Subject to Subsections (d) and (e) of this section, in
each state fiscal year, the comptroller of public accounts shall
deposit to the credit of the state highway fund an amount equal to
75 [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
SECTION 2. This Act takes effect on September 1, 2019.