Bill Text: TX HB2400 | 2015-2016 | 84th Legislature | Enrolled
Bill Title: Relating to the sale of a new motor vehicle to certain manufacturers or distributors.
Spectrum: Bipartisan Bill
Status: (Passed) 2015-05-28 - Effective on 9/1/15 [HB2400 Detail]
Download: Texas-2015-HB2400-Enrolled.html
H.B. No. 2400 |
|
||
relating to the sale of a new motor vehicle to certain manufacturers | ||
or distributors. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 152.001(2), Tax Code, is amended to read | ||
as follows: | ||
(2) "Retail sale" means a sale of a motor vehicle | ||
except: | ||
(A) the sale of a new motor vehicle in which the | ||
purchaser is a franchised dealer who is authorized by law and by | ||
franchise agreement to offer the vehicle for sale as a new motor | ||
vehicle and who acquires the vehicle either for the exclusive | ||
purpose of sale in the manner provided by law or for purposes | ||
allowed under Chapter 503, Transportation Code; | ||
(B) the sale of a vehicle other than a new motor | ||
vehicle in which the purchaser is a dealer who holds a dealer's | ||
general distinguishing number issued under Chapter 503, | ||
Transportation Code, and who acquires the vehicle either for the | ||
exclusive purpose of resale in the manner provided by law or for | ||
purposes allowed under Chapter 503, Transportation Code; [ |
||
(C) the sale to a franchised dealer of a new motor | ||
vehicle removed from the franchised dealer's inventory for the | ||
purpose of entering into a contract to lease the vehicle to another | ||
person if, immediately after executing the lease contract, the | ||
franchised dealer transfers title of the vehicle and assigns the | ||
lease contract to the lessor of the vehicle; or | ||
(D) the sale of a new motor vehicle in which the | ||
purchaser is a manufacturer or distributor as those terms are | ||
defined by Section 2301.002, Occupations Code, who acquires the | ||
motor vehicle either for the exclusive purpose of sale in the manner | ||
provided by law or for purposes allowed under Section 503.064, | ||
Transportation Code. | ||
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 of taxes due and for civil and criminal enforcement of | ||
the liability for those taxes. | ||
SECTION 3. This Act takes effect September 1, 2015. | ||
______________________________ | ______________________________ | |
President of the Senate | Speaker of the House | |
I certify that H.B. No. 2400 was passed by the House on April | ||
29, 2015, by the following vote: Yeas 145, Nays 0, 1 present, not | ||
voting. | ||
______________________________ | ||
Chief Clerk of the House | ||
I certify that H.B. No. 2400 was passed by the Senate on May | ||
15, 2015, by the following vote: Yeas 31, Nays 0. | ||
______________________________ | ||
Secretary of the Senate | ||
APPROVED: _____________________ | ||
Date | ||
_____________________ | ||
Governor |