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Texas Government Code - GOV'T § 480.0155. State Tax Revenue

Current as of January 01, 2024 | Updated by Findlaw Staff

(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).

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 480.0155. State Tax Revenue - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-480-0155/

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