Bill Text: TX HB373 | 2015-2016 | 84th Legislature | Introduced
Bill Title: Relating to the allocation of certain revenue from the taxes imposed on the sale, rental, or use of motor vehicles to the state highway fund and to the uses of that revenue.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2015-04-09 - Left pending in committee [HB373 Detail]
Download: Texas-2015-HB373-Introduced.html
84R2928 CJC-F | ||
By: Simmons | H.B. No. 373 |
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relating to the allocation of certain revenue from the taxes | ||
imposed on the sale, rental, or use of motor vehicles to the state | ||
highway fund and to the uses of that revenue. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 152.122, Tax Code, is amended to read as | ||
follows: | ||
Sec. 152.122. ALLOCATION AND USE OF TAX. (a) Subject to | ||
Section 152.1222, the [ |
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received under Sections 152.043, 152.045, 152.047, and [ |
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152.121 [ |
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(1) in the state fiscal year beginning September 1, | ||
2015, 1/6 to the credit of the state highway fund and the remainder | ||
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fund; [ |
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(2) in the state fiscal year beginning September 1, | ||
2016, 1/3 to the credit of the state highway fund and the remainder | ||
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(3) in the state fiscal year beginning September 1, | ||
2017, 1/2 to the credit of the state highway fund and the remainder | ||
to the credit of the general revenue fund; | ||
(4) in the state fiscal year beginning September 1, | ||
2018, 2/3 to the credit of the state highway fund and the remainder | ||
to the credit of the general revenue fund; | ||
(5) in the state fiscal year beginning September 1, | ||
2019, 5/6 to the credit of the state highway fund and the remainder | ||
to the credit of the general revenue fund; and | ||
(6) in state fiscal years beginning on or after | ||
September 1, 2020, 100 percent to the credit of the state highway | ||
fund. | ||
(b) Money deposited to the credit of the state highway fund | ||
under this section: | ||
(1) may be appropriated only for a purpose authorized | ||
by Section 7-a, Article VIII, Texas Constitution; and | ||
(2) may not be used for: | ||
(A) a toll road or a toll project; or | ||
(B) a mass transit rail system, including a | ||
trolley. | ||
SECTION 2. In addition to the substantive changes made by | ||
this Act, this Act conforms Section 152.122, Tax Code, to the method | ||
of allocating motor vehicle sales and use taxes in effect before the | ||
effective date of this Act. Section 11.04, Chapter 4 (S.B. 3), Acts | ||
of the 72nd Legislature, 1st Called Session, 1991, enacted former | ||
Section 403.094(h), Government Code, which abolished certain state | ||
fund dedications and resulted in the abolition of the allocation to | ||
the foundation school fund effective August 31, 1995. | ||
SECTION 3. This Act takes effect September 1, 2015. |