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Texas Tax Code - TAX § 154.601. Nature of Tax

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

(a) The tax imposed by this chapter is not an occupation tax.

(b) If a court of competent jurisdiction declares the tax imposed by this chapter to be an occupation tax:

(1) the legislature intends that the holding not affect the validity of the remaining provisions of this chapter;  and

(2) the net revenue is allocated to the general revenue fund, except that one-fourth of the net revenue shall be transferred from the general revenue fund to the available school fund.

(c) A tax imposed by this chapter is in lieu of any other occupation or excise tax imposed by the state or a political subdivision of the state on cigarettes.

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Cite this article: FindLaw.com - Texas Tax Code - TAX § 154.601. Nature of Tax - last updated January 01, 2024 | https://codes.findlaw.com/tx/tax-code/tax-sect-154-601/

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