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.