Bill Text: TX HB3825 | 2015-2016 | 84th Legislature | Introduced


Bill Title: Relating to the allocation of a portion of certain severance tax revenue to the transportation infrastructure fund.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2015-04-20 - Left pending in subcommittee [HB3825 Detail]

Download: Texas-2015-HB3825-Introduced.html
  84R12039 CBH-D
 
  By: Landgraf H.B. No. 3825
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the allocation of a portion of certain severance tax
  revenue to the transportation infrastructure fund.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 201.404, Tax Code, is amended to read as
  follows:
         Sec. 201.404.  ALLOCATION OF REVENUE. After deducting the
  amount required to be deposited by Section 201.403 [of this code],
  the comptroller shall deposit [one-fourth of] the revenue collected
  from the tax imposed by this chapter as follows:
               (1)  25 percent to the credit of the foundation school
  fund;
               (2)  7.5 percent to the credit of the transportation
  infrastructure fund established under Subchapter C, Chapter 256,
  Transportation Code; and
               (3)  the remainder [three-fourths] to the credit of the
  general revenue fund.
         SECTION 2.  Section 202.353, Tax Code, is amended to read as
  follows:
         Sec. 202.353.  ALLOCATION OF REVENUE. After deducting the
  amount required to be deposited by Section 202.352 [of this code],
  the comptroller shall deposit [one-fourth of] the revenue collected
  from the tax imposed by this chapter as follows:
               (1)  25 percent to the credit of the foundation school
  fund;
               (2)  7.5 percent to the credit of the transportation
  infrastructure fund established under Subchapter C, Chapter 256,
  Transportation Code; and
               (3)  the remainder to the credit of [three-fourths to]
  the general revenue fund.
         SECTION 3.  Section 203.152, Tax Code, is amended to read as
  follows:
         Sec. 203.152.  ALLOCATION OF REVENUE. The [One-fourth of
  the] revenue collected from the tax imposed by this chapter shall be
  deposited as follows:
               (1)  25 percent to the credit of the foundation school
  fund;
               (2)  7.5 percent to the credit of the transportation
  infrastructure fund established under Subchapter C, Chapter 256,
  Transportation Code; and
               (3)  the remainder [three-fourths] to the credit of the
  general revenue fund.
         SECTION 4.  This Act takes effect September 1, 2015.
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