Pub. 55 2014-2015 Issue 4

18 Estimated Motor Vehicle Tax Collected and Remitted by Texas Franchised New Car and Truck Dealers Texas Dealers Contribution To The State Exceeds Dealership Net Profits Texas’ almost 1,300 franchised dealerships in aggregate netted just over one billion dollars after federal income tax in a year. The state of Texas realizes three times that much just from the motor vehicle sales tax collected and remitted to the comptroller’s office. MVST has increased by over $400 million per year in the past four years, making Texas new car and truck dealers an essential economic engine for Texas.  Calendar New and Used Estimated Motor MVST Four Year Year Vehicles Sales Vehicle Sales Tax Increase Average Increase 2014 2,715,495 $3,546,436,470 $385,704,898 $414,915,438 2013 2,420,162 $3,160,731,572 $406,044,422 2012 2,169,045 $2,754,687,150 $563,833,604 2011 1,741,537 $2,190,853,546 $304,078,831 2010 1,552,901 $1,886,774,715 2009 1,503,203 $1,727,180,247 2008 1,967,957 $2,278,894,206 2007 2,294,729 $2,712,369,678 2006 2,148,717 $2,509,701,456 2005 2,019,354 $2,330,340,286 SAPP, WHITE & FREEMAN, P.C. JANET A. FREEMAN 545 N. Upper Broadway Wilson Plaza East, Suite 1009 Corpus Christi, Texas 78401-0676 Tel: 361-879-0600 Fax: 361-879-0602 jfreeman@sapplaw.com SUSAN G. WHITE 4161 E. Hwy 290, Suite 400 Dripping Springs, Texas 78620 Tel: 512-858-0202 Fax: 512-858-1313 swhite@sapplaw.com RUSSELL G. HARDING, Of Counsel Serving the Legal Needs of Texas Franchised Dealers