Bill Text: TX HB2112 | 2015-2016 | 84th Legislature | Comm Sub
Bill Title: Relating to the valuation used to compute the sales and use tax imposed on the sale of certain motor vehicles.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Introduced - Dead) 2015-04-24 - Committee report sent to Calendars [HB2112 Detail]
Download: Texas-2015-HB2112-Comm_Sub.html
84R6794 GRM-D | ||
By: Spitzer, Wray | H.B. No. 2112 |
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relating to the valuation used to compute the sales and use tax | ||
imposed on the sale of certain motor vehicles. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 152.0412(d), Tax Code, is amended to | ||
read as follows: | ||
(d) A county tax assessor-collector shall compute the tax | ||
imposed by this chapter on the valuation of a motor vehicle if the | ||
valuation is shown on: | ||
(1) documentation, including a receipt or invoice, | ||
provided by the seller to the purchaser of the vehicle, but only if | ||
the seller is a motor vehicle dealer operating under Subchapter B, | ||
Chapter 503, Transportation Code, or under similar regulatory | ||
requirements of another state; [ |
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(2) an appraisal certified by an adjuster licensed | ||
under Chapter 4101, Insurance Code, by a motor vehicle dealer | ||
operating under Subchapter B, Chapter 503, Transportation Code, or | ||
by an adjuster or motor vehicle dealer licensed or operating under | ||
similar regulatory requirements of another state; or | ||
(3) a notarized affidavit stating the purchase price | ||
of the vehicle and containing both the seller's and buyer's | ||
signatures. | ||
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 enforcement of those taxes. | ||
SECTION 3. This Act takes effect September 1, 2015. |