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 |
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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 [ |
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the comptroller shall deposit [ |
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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 [ |
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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 [ |
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the comptroller shall deposit [ |
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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 [ |
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the general revenue fund. | ||
SECTION 3. Section 203.152, Tax Code, is amended to read as | ||
follows: | ||
Sec. 203.152. ALLOCATION OF REVENUE. The [ |
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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 [ |
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general revenue fund. | ||
SECTION 4. This Act takes effect September 1, 2015. |