Bill Text: TX SB689 | 2015-2016 | 84th Legislature | Introduced

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Bill Title: Relating to a refund of overpayments of the motor vehicle sales tax computed based on standard presumptive value.

Sponsorship: Partisan Bill (Republican 1)

Status: (Introduced - Dead) 2015-02-25 - Referred to Finance [SB689 Detail]

Download: Texas-2015-SB689-Introduced.html

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By: Seliger S.B. No. 689

A BILL TO BE ENTITLED
AN ACT
relating to a refund of overpayments of the motor vehicle sales tax
computed based on standard presumptive value.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter C, Chapter 152, Tax Code, is amended
by adding Section 152.0413 to read as follows:
Sec. 152.0413. REFUND OF TAX COMPUTED BASED ON STANDARD
PRESUMPTIVE VALUE. (a) A person may apply to the comptroller and
receive a refund of taxes imposed under Section 152.021 or 152.022
and paid by the person if:
(1) the person paid tax based on the standard
presumptive value of the motor vehicle under Section 152.0412(c);
(2) the person obtains an appraisal of the motor
vehicle as provided by Section 152.0412 not later than the 60th day
after the date the motor vehicle is:
(A) delivered to the purchaser if the person paid
the tax imposed under Section 152.021; or
(B) brought into this state if the person paid
the tax imposed under Section 152.022; and
(3) the appraised value of the motor vehicle is less
than 80 percent of the standard presumptive value of the motor
vehicle.
(b) The amount of the refund is equal to the amount of tax
paid by the person less the amount of tax imposed by this chapter on
the appraised value of the motor vehicle.
SECTION 2. The change in law made by this Act does not
affect taxes imposed before the effective date of this Act, and the
law in effect before the effective date of this Act is continued in
effect for purposes of the liability for and collection of those
taxes.
SECTION 3. This Act takes effect September 1, 2015.