Bill Text: TX SB1850 | 2015-2016 | 84th Legislature | Introduced
Bill Title: Relating to a sales tax exemption for the rental of equipment used in the construction or improvement of a road or highway for a governmental entity.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2015-04-21 - Left pending in committee [SB1850 Detail]
Download: Texas-2015-SB1850-Introduced.html
84R11214 GRM-D | ||
By: Nichols | S.B. No. 1850 |
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relating to a sales tax exemption for the rental of equipment used | ||
in the construction or improvement of a road or highway for a | ||
governmental entity. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 151.311, Tax Code, is amended by adding | ||
Subsection (e) to read as follows: | ||
(e) The rental of equipment for use in the performance of a | ||
contract for the construction or improvement of a road or highway, | ||
including a turnpike or toll road, by an organization exempted | ||
under Section 151.309 is exempted from the taxes imposed by this | ||
chapter. | ||
SECTION 2. 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 of those taxes. | ||
SECTION 3. 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 September 1, 2015. |