Bill Text: TX HB1622 | 2015-2016 | 84th Legislature | Introduced
Bill Title: Relating to the allocation of certain revenue derived from the state gasoline tax.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2015-03-18 - Referred to Transportation [HB1622 Detail]
Download: Texas-2015-HB1622-Introduced.html
84R6988 CJC-D | ||
By: Paul | H.B. No. 1622 |
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relating to the allocation of certain revenue derived from the | ||
state gasoline tax. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 162.503, Tax Code, is amended to read as | ||
follows: | ||
Sec. 162.503. ALLOCATION OF GASOLINE TAX. [ |
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before the fifth workday after the end of each month, the | ||
comptroller, after making all deductions for refund purposes and | ||
for the amounts allocated under Sections 162.502 and 162.5025, | ||
shall allocate the net remainder of the taxes collected under | ||
Subchapter B as follows: | ||
(1) one-fourth [ |
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credit of the available school fund; and | ||
(2) three-fourths [ |
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deposited to the credit of the state highway fund [ |
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SECTION 2. The change in law made by this Act does not | ||
affect tax liability accruing before the effective date of this | ||
Act. That liability continues in effect as if this Act had not been | ||
enacted, and the former law is continued in effect for the | ||
collection and allocation of that revenue. | ||
SECTION 3. This Act takes effect September 1, 2015. |