Texas Government Code - GOV'T § 480.0155. State Tax Revenue
Current as of April 14, 2021 | Updated by FindLaw Staff
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(a) The comptroller, at the direction of the office, shall transfer to the events trust fund a portion of the state tax revenue in an amount equal to 6.25 multiplied by the amount of the municipal and county tax revenue retained or remitted under this chapter, including:
(1) local sales and use tax revenue;
(2) mixed beverage tax revenue;
(3) hotel occupancy tax revenue; and
(4) surcharge and user fee revenue.
(b) The amount transferred under Subsection (a) may not exceed the incremental increase in tax receipts determined under Section 480.0102(a)(1).
Cite this article: FindLaw.com - Texas Government Code - GOV'T § 480.0155. State Tax Revenue - last updated April 14, 2021 | https://codes.findlaw.com/tx/government-code/gov-t-sect-480-0155/
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