Sec. 152.0475. REGISTRATION OF RELATED FINANCE COMPANY. (a) "Related finance company" means a person in which at least 80 percent of the ownership is identical to the ownership of a dealer, as defined by Section 503.001, Transportation Code.
(b) The comptroller shall establish a registration system for related finance companies under this section.
(c) A related finance company may register with the comptroller on a form prescribed by the comptroller. The comptroller shall make the forms available to the public. A registration remains in effect until canceled by the registration holder or the comptroller.
(d) Repealed by Acts 2017, 85th Leg., R.S., Ch. 272 (H.B. 2067), Sec. 2, eff. May 29, 2017.
(e) The comptroller may adopt rules to implement this section.
Added by Acts 2007, 80th Leg., R.S., Ch. 191 (S.B. 1617), Sec. 2, eff. July 1, 2007.
Amended by:
Acts 2017, 85th Leg., R.S., Ch. 272 (H.B. 2067), Sec. 1, eff. May 29, 2017.
Acts 2017, 85th Leg., R.S., Ch. 272 (H.B. 2067), Sec. 2, eff. May 29, 2017.
Structure Texas Statutes
Subtitle E - Sales, Excise, and Use Taxes
Chapter 152 - Taxes on Sale, Rental, and Use of Motor Vehicles
Subchapter C. Collection of Taxes
Section 152.041. General Collection Procedure
Section 152.0411. Collection by Sellers
Section 152.0412. Standard Presumptive Value; Use by Tax Assessor-Collector
Section 152.042. Collection of Tax on Metal Dealer Plates
Section 152.043. Collection of Tax on Motor Vehicles Operated by Nonresidents
Section 152.044. Payment by Seller
Section 152.045. Collection of Tax on Gross Rental Receipts
Section 152.046. Change in Tax Status of Motor Vehicle
Section 152.047. Collection of Tax on Seller-Financed Sale
Section 152.0472. Determination of Whether Loan Is Factored, Assigned, or Transferred