Bill Text: TX HB263 | 2019-2020 | 86th Legislature | Introduced
Bill Title: Relating to an exemption from motor vehicle sales and use taxes for certain previously leased motor vehicles.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2019-03-06 - No action taken in committee [HB263 Detail]
Download: Texas-2019-HB263-Introduced.html
| 86R852 BEF-D | ||
| By: Thompson of Brazoria | H.B. No. 263 | |
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| relating to an exemption from motor vehicle sales and use taxes for | ||
| certain previously leased motor vehicles. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Subchapter E, Chapter 152, Tax Code, is amended | ||
| by adding Section 152.094 to read as follows: | ||
| Sec. 152.094. PURCHASE BY LESSEE. The taxes imposed by | ||
| Sections 152.021 and 152.022 do not apply to the retail sale of a | ||
| motor vehicle on termination of a lease of the motor vehicle if: | ||
| (1) the purchaser was the lessee under the lease; and | ||
| (2) the seller: | ||
| (A) was the lessor under the lease; and | ||
| (B) originally purchased the motor vehicle for | ||
| the purpose of leasing the motor vehicle and paid the tax due under | ||
| this chapter or the tax due to another state on that purchase. | ||
| 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, 2019. | ||
