Bill Text: TX HB782 | 2013-2014 | 83rd Legislature | Introduced
Bill Title: Relating to the allocation of certain motor vehicle sales tax revenue to the state highway fund and to the uses of that revenue.
Sponsorship: Partisan Bill (Republican 1)
Status: (Introduced - Dead) 2013-02-20 - Referred to Appropriations [HB782 Detail]
Download: Texas-2013-HB782-Introduced.html
| 83R3776 CJC-D | ||
| By: Phillips | H.B. No. 782 | |
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| relating to the allocation of certain motor vehicle sales tax | ||
| revenue to the state highway fund and to the uses of that revenue. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Subchapter G, Chapter 152, Tax Code, is amended | ||
| by adding Section 152.1223 to read as follows: | ||
| Sec. 152.1223. ALLOCATION OF CERTAIN TAX REVENUE TO STATE | ||
| HIGHWAY FUND. (a) Notwithstanding Section 152.122, the | ||
| comptroller shall deposit to the credit of the state highway fund | ||
| the following percentages of the money received under Section | ||
| 152.121 that is derived from the tax imposed under Section 152.021 | ||
| and is remaining after the comptroller makes the allocation | ||
| required by Section 152.1222: | ||
| (1) in the state fiscal year beginning September 1, | ||
| 2015, 10 percent of the remaining amount; | ||
| (2) in the state fiscal year beginning September 1, | ||
| 2016, 20 percent of the remaining amount; | ||
| (3) in the state fiscal year beginning September 1, | ||
| 2017, 30 percent of the remaining amount; | ||
| (4) in the state fiscal year beginning September 1, | ||
| 2018, 40 percent of the remaining amount; | ||
| (5) in the state fiscal year beginning September 1, | ||
| 2019, 50 percent of the remaining amount; | ||
| (6) in the state fiscal year beginning September 1, | ||
| 2020, 60 percent of the remaining amount; | ||
| (7) in the state fiscal year beginning September 1, | ||
| 2021, 70 percent of the remaining amount; | ||
| (8) in the state fiscal year beginning September 1, | ||
| 2022, 80 percent of the remaining amount; | ||
| (9) in the state fiscal year beginning September 1, | ||
| 2023, 90 percent of the remaining amount; and | ||
| (10) in each state fiscal year beginning on or after | ||
| September 1, 2024, 100 percent of the remaining amount. | ||
| (b) Money deposited to the credit of the state highway fund | ||
| under this section may be appropriated only: | ||
| (1) for a purpose authorized by Section 7-a, Article | ||
| VIII, Texas Constitution; or | ||
| (2) to repay the principal and interest on general | ||
| obligation bonds issued as authorized by Section 49-p, Article III, | ||
| Texas Constitution. | ||
| SECTION 2. This Act takes effect September 1, 2013. | ||
