TITLE: Relating to computation of the volume of components blended with taxable diesel for the exemption from motor fuels tax.

SUMMARY: Relating to computation of the volume of components blended with taxable diesel for the exemption from motor fuels tax.

FULL TEXT:
AN ACT relating to computation of the volume of components blended with taxable diesel for the exemption from motor fuels tax. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 162.204, Tax Code, is amended by adding Subsection (g) to read as follows: (g) An invoice provided by a supplier or permissive supplier or a distributor for a sale for which an exemption is taken under Subsection (a)(9) may be calculated by rounding the volume of the exempt component to the nearest whole percent. The amount of an exemption taken under Subsection (a)(9) must be the same as the amount shown on the invoice and must be reported to the comptroller in that amount. 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.