Bill Text: TX HB4621 | 2019-2020 | 86th Legislature | Comm Sub
Bill Title: Relating to the state sales tax rate and the use of certain revenue from state sales and use taxes to reduce school district maintenance and operations ad valorem tax rates; increasing the rate of a tax.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2019-05-07 - Postponed 1/12/21 12:00 PM [HB4621 Detail]
Download: Texas-2019-HB4621-Comm_Sub.html
86R29881 SRA-F | |||
By: Huberty | H.B. No. 4621 | ||
Substitute the following for H.B. No. 4621: | |||
By: Murphy | C.S.H.B. No. 4621 |
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relating to the state sales tax rate and the use of certain revenue | ||
from state sales and use taxes to reduce school district | ||
maintenance and operations ad valorem tax rates; increasing the | ||
rate of a tax. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 151.051(b), Tax Code, is amended to read | ||
as follows: | ||
(b) The sales tax rate is 7.25 [ |
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price of the taxable item sold. | ||
SECTION 2. Subchapter M, Chapter 151, Tax Code, is amended | ||
by adding Section 151.804 to read as follows: | ||
Sec. 151.804. USE OF CERTAIN REVENUE FOR SCHOOL DISTRICT AD | ||
VALOREM TAX REDUCTION. An amount equal to the proceeds from the | ||
collection of taxes imposed by this chapter attributable to the | ||
portion of the tax rates in excess of 6.25 percent may be used only | ||
to provide property tax relief through reduction of the state | ||
compression percentage, as defined by Section 42.2516(a), | ||
Education Code. | ||
SECTION 3. 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 4. This Act takes effect January 1, 2020, but only | ||
if the constitutional amendment proposed by the 86th Legislature, | ||
Regular Session, 2019, to provide property tax relief by reducing | ||
school district maintenance and operations ad valorem tax rates and | ||
increasing the state sales and use tax rates is approved by the | ||
voters. If that proposed constitutional amendment is not approved | ||
by the voters, this Act has no effect. |