Bill Text: TX HCR47 | 2023-2024 | 88th Legislature | Introduced
Bill Title: Extending the duty of the comptroller of public accounts under Section 7-c, Article VIII, Texas Constitution, to deposit certain tax revenue to the state highway fund.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2023-04-17 - Left pending in committee [HCR47 Detail]
Download: Texas-2023-HCR47-Introduced.html
| 88R1252 CJC-D | ||
| By: Canales | H.C.R. No. 47 | |
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| 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. | ||
