Bill Text: TX HB1489 | 2021-2022 | 87th Legislature | Introduced

Texas House Bill 1489 (Prior Session Legislation)

Introduced

Bill Title: Relating to computation of tax based on the standard presumptive value of a motor vehicle.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2021-03-05 - Referred to Ways & Means [HB1489 Detail]

Download: Texas-2021-HB1489-Introduced.html



	By: Dean	H.B. No. 1489



	A BILL TO BE ENTITLED
	AN ACT
	relating to computation of tax based on the standard presumptive
	value of a motor vehicle.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1. Section 152.0412, Tax Code, is amended to read as
	follows:
	(b) If the amount paid for a motor vehicle subject to the tax
	imposed by this chapter is equal to or greater than [80] 50 percent
	of the standard presumptive value of the vehicle, a county tax
	assessor-collector shall computer the tax on the amount paid.
	(c) If the amount paid for a motor vehicle subject to the tax
	imposed by this chapter is less than [80] 50 percent of the standard
	presumptive value of the vehicle, a county tax assessor-collector
	shall computer the tax on the amount that is equal to [80] 50
	percent of the standard presumptive value of the vehicle, unless
	the purchaser establishes the valuation of the vehicle as provide
	by Subsection (d).
	SECTION 2. This Act takes effect September 1, 2021.