Bill Text: TX HB65 | 2013 | 83rd Legislature 1st Special Session | Introduced

Texas House Bill 65 (Prior Session Legislation)

Introduced

Bill Title: Relating to the allocation of certain revenue from the taxes imposed on the sale, rental, or use of motor vehicles to the state highway fund.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2013-06-17 - Referred to Appropriations [HB65 Detail]

Download: Texas-2013-HB65-Introduced.html

	83S10413 CJC-D

	By: Frank	H.B. No. 65



	A BILL TO BE ENTITLED
	AN ACT
	relating to the allocation of certain revenue from the taxes
	imposed on the sale, rental, or use of motor vehicles to the state
	highway fund.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1. Section 152.122, Tax Code, is amended to read as
	follows:
	Sec. 152.122. ALLOCATION OF TAX. Subject to Section
	152.1222, the [~~The~~] comptroller shall deposit the funds received
	under Section 152.121 [~~of this code~~] as follows:
	(1) in the state fiscal year beginning September 1,
	2015, 25 percent to the credit of the state highway fund and 75
	percent [~~1/4 to the credit of the foundation school fund; and~~
	[~~(2) the remaining funds~~] to the credit of the general
	revenue fund;
	(2) in the state fiscal year beginning September 1,
	2016, 50 percent to the credit of the state highway fund and 50
	percent to the credit of the general revenue fund;
	(3) in the state fiscal year beginning September 1,
	2017, 75 percent to the credit of the state highway fund and 25
	percent to the credit of the general revenue fund; and
	(4) in state fiscal years beginning on or after
	September 1, 2018, 100 percent to the credit of the state highway
	fund.
	SECTION 2. In addition to the substantive changes made by
	this Act, this Act conforms Section 152.122, Tax Code, to the method
	of allocating motor vehicle sales and use taxes in effect before the
	effective date of this Act. Section 11.04, Chapter 4 (S.B. 3), Acts
	of the 72nd Legislature, 1st Called Session, 1991, enacted former
	Section 403.094(h), Government Code, which abolished certain state
	fund dedications and resulted in the abolition of the allocation to
	the foundation school fund effective August 31, 1995.
	SECTION 3. This Act takes effect on the 91st day after the
	last day of the legislative session.