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Current as of January 01, 2024 | Updated by Findlaw Staff
On the expiration of the dedication of an authority's sales and use tax rate increase revenue as provided by Section 451.206, the board shall decrease the authority's sales and use tax rate to its previous rate unless:
(1) the board determines that the revenue from the increased rate is necessary for purposes other than the regional economic development facilities portion of the station or terminal complex;
(2) the board submits the question of the continuation of the increased rate to the voters of the authority at an election held as provided by this chapter; and
(3) at the election, a majority of the votes received on the measure favor the continuation of the increased tax rate.
Cite this article: FindLaw.com - Texas Transportation Code - TRANSP § 451.207. Continuation of Tax Rate Increase - last updated January 01, 2024 | https://codes.findlaw.com/tx/transportation-code/transp-sect-451-207/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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