Bill Text: TX HB479 | 2013-2014 | 83rd Legislature | Introduced


Bill Title: Relating to the allocation to the state highway fund of certain revenue from the taxes imposed on the sale, rental, or use of motor vehicles.

Spectrum: Partisan Bill (Republican 25-0)

Status: (Introduced - Dead) 2013-04-23 - No action taken in committee [HB479 Detail]

Download: Texas-2013-HB479-Introduced.html
  83R1937 CJC-D
 
  By: Harper-Brown H.B. No. 479
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the allocation to the state highway fund of certain
  revenue from the taxes imposed on the sale, rental, or use of motor
  vehicles.
         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 OF TAX. Subject to Section
  152.1222, in each state fiscal year the [The] comptroller shall
  deposit the funds received under Section 152.121 [of this code] as
  follows:
               (1)  the amount of the first funds received under
  Section 152.121 [1/4] to the credit of the general revenue
  [foundation school] fund, but not to exceed the amount deposited to
  the general revenue fund under this section in the state fiscal year
  ending August 31, 2013; and
               (2)  the remaining amount [funds] to the credit of the
  state highway [general revenue] fund.
         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, 2013.
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