| Issue Date: | |
|---|---|
| Revised Date: | 2019-09-01 |
Legal Citations
- Texas Constitution art. VIII sec. 7-c
- Tax Code sec. 152.026, sec. 152.045, sec. 152.121
Object Type
Cash — Transportation
Origin Date
July 1, 1971 by the 62nd Leg.
Description
Tax imposed on each rental of self-propelled motor vehicle at a rate of 10% of gross receipts from rental of a motor vehicle for 30 days or less and 6.25% of the gross rental receipts for longer than 30 days.
Beginning September 1, 2019 through August 31, 2029, 35% of all motor vehicle sales taxes above the first $5 billion collected each fiscal year are allocated to the State Highway Fund (0006). See transfer code 7928/3928.
Due Date
Remitted at time of the report, monthly.
Collecting Agencies
Deposit Funds
- 0001 – General Revenue Fund or various Events Trust Fund funds.
Note
Formerly deposited to the Omnibus Tax Clearance Fund (No. 0120). H.B. 872, 67th Leg. R.S. abolished Fund 0120 and moved deposit to General Revenue.
Previously allocated 25% to Available School Fund 0002 and 75% to General Revenue Fund (0001) to fund statutory allocations. H.B. 72, 68th Leg., 2nd C.S., effective 9-1-84 changed 25% from Fund 0002 to Foundation School Account (0193). Dedication of these revenues abolished August 31, 1995 per § 403.094, Government Code.
Amended by H.B. 122, 68th Leg., 2nd C.S.
Amended by H.B. 61, 70th Leg. 2nd C.S.
Amended by H.B. 11, 72nd Leg., 1st C.S.
Allocation to the State Highway Fund (0006) proposed by S.J.R. 5, 84th Leg., R.S. and adopted by voters November 3, 2015.
USAS Values
| Appropriation Year | 25 |
|---|---|
| USAS Title | MOTOR VEHICLE RENTAL TAX |
| Receipt Category | 01 – Transportation |
| Receipt Type | 01 – Taxes |
| Object Group | 30 – Revenues |
| USAS Status | A |
| Rev/Exp Category | 11 – MOTOR VEHICLE SALES/RENTAL TAXES |