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Texas Tax Code - TAX § 156.251. Revenue Deposited in General Revenue Fund

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

(a) The revenue from the tax imposed by this chapter shall be deposited in the state treasury to the credit of the general revenue fund.

(b), (c) Expired.

(d) An amount equal to the amount of revenue derived from the collection of taxes imposed by this chapter at a rate of one-half of one percent shall be allocated in the general revenue fund to be used for media advertising and other marketing activities of the Tourism Division of the Texas Department of Commerce.   1  Section 403.094(h), Government Code, does not apply to funds described in this section.  This subsection takes effect October 1, 1994.

1 The Texas Department of Commerce is abolished and its powers and duties are transferred to the Texas Department of Economic Development.  A reference in law to the Texas Department of Commerce means the Texas Department of Economic Development.
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Cite this article: FindLaw.com - Texas Tax Code - TAX § 156.251. Revenue Deposited in General Revenue Fund - last updated January 01, 2024 | https://codes.findlaw.com/tx/tax-code/tax-sect-156-251/

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