Tex. Transp. Code § 502.194
(b) The department, on satisfactory proof that the vehicle is destroyed, shall issue a registration fee credit slip to the owner in an amount equal to the prorated portion of the registration fee for the remainder of the registration year. The owner, during the same or the next registration year, may use the registration fee credit slip as payment or part payment for the registration of another vehicle to the extent of the credit.
Transferred, redesignated and amended from Transportation Code, Section 502.182 by Acts 2011, 82nd Leg., R.S., Ch. 1296 (H.B. 2357), Sec. 111, eff. January 1, 2012.