Bill Text: TX HB8 | 2013 | 83rd Legislature 2nd Special Session | Introduced

Texas House Bill 8 (Prior Session Legislation)

Introduced

Bill Title: Relating to the allocation of certain motor vehicle sales, use, and rental tax revenue to the state highway fund and to the uses of that revenue.

Sponsorship: Partisan Bill (Republican 1)

Status: (Introduced - Dead) 2013-07-09 - Left pending in committee [HB8 Detail]

Download: Texas-2013-HB8-Introduced.html

	83S20018 CJC-D

	By: Harper-Brown	H.B. No. 8



	A BILL TO BE ENTITLED
	AN ACT
	relating to the allocation of certain motor vehicle sales, use, and
	rental 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, in each state
	fiscal year beginning on or after September 1, 2015, the
	comptroller shall deposit to the credit of the state highway fund an
	amount of money that is equal to 33-1/3 percent of the money that:
	(1) is received under Sections 152.043, 152.045,
	152.047, and 152.121 and is remaining after the comptroller makes
	the allocation required by Section 152.1222; and
	(2) exceeds the first $2.8 billion of money described
	by Subdivision (1) that is received in that fiscal year.
	(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;
	(2) to repay the principal and interest on general
	obligation bonds issued as authorized by Section 49-p, Article III,
	Texas Constitution; or
	(3) to pay for a function performed by or under the
	supervision of the Texas Department of Transportation.
	SECTION 2. This Act takes effect immediately if it receives
	a vote of two-thirds of all the members elected to each house, as
	provided by Section 39, Article III, Texas Constitution. If this
	Act does not receive the vote necessary for immediate effect, this
	Act takes effect on the 91st day after the last day of the
	legislative session.