Bill Text: TX HB4216 | 2019-2020 | 86th Legislature | Introduced
Bill Title: Relating to the deposit of certain hotel occupancy and car rental tax revenue into the foundation school fund.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2019-03-25 - Referred to Appropriations [HB4216 Detail]
Download: Texas-2019-HB4216-Introduced.html
86R16612 SMT-D | ||
By: Krause | H.B. No. 4216 |
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relating to the deposit of certain hotel occupancy and car rental | ||
tax revenue into the foundation school fund. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Subchapter G, Chapter 152, Tax Code, is amended | ||
by adding Section 152.1221 to read as follows: | ||
Sec. 152.1221. CERTAIN TAX REVENUE DEPOSITED TO CREDIT OF | ||
FOUNDATION SCHOOL FUND. (a) On or before October 1 of each year, | ||
the comptroller shall determine the amount of taxes collected under | ||
this chapter that is attributable to taxes imposed in August of that | ||
year. | ||
(b) Notwithstanding Section 152.122, the comptroller shall | ||
deposit the amount determined under Subsection (a) to the credit of | ||
the foundation school fund. | ||
SECTION 2. Section 156.251(a), Tax Code, is amended to read | ||
as follows: | ||
(a) Except as provided by Section 156.252, the [ |
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from the tax imposed by this chapter shall be deposited in the state | ||
treasury to the credit of the general revenue fund. | ||
SECTION 3. Subchapter F, Chapter 156, Tax Code, is amended | ||
by adding Section 156.252 to read as follows: | ||
Sec. 156.252. CERTAIN TAX REVENUE DEPOSITED TO CREDIT OF | ||
FOUNDATION SCHOOL FUND. (a) On or before October 1 of each year, | ||
the comptroller shall determine the amount of taxes collected under | ||
this chapter that is attributable to taxes imposed in August of that | ||
year. | ||
(b) The comptroller shall deposit the amount determined | ||
under Subsection (a) to the credit of the foundation school fund. | ||
SECTION 4. This Act takes effect January 1, 2020. |