Tex. Gov't Code Section 477.0103
State Tax Revenue

(a)

At the time the comptroller deposits to the trust fund the municipal and county tax revenue under Section 477.0102 (Deposit of Municipal and County Tax Revenue)(b), the comptroller shall transfer to the trust fund the state tax revenue determined under Section 477.0051 (Determination of Incremental Increase in Certain Tax Receipts)(a)(1) for the quarter.

(b)

The comptroller shall discontinue transferring the amount of state tax revenue determined under Section 477.0051 (Determination of Incremental Increase in Certain Tax Receipts)(a)(1) on the earlier of:

(1)

the end of the third calendar month following the month in which the closing event of the games occurs; or

(2)

the date the amount of state revenue in the trust fund equals 86 percent of the maximum amount of municipal, county, and state tax revenue that may be transferred or deposited to the trust fund under Section 477.0104 (Limitation on Transfers and Deposits to Trust Fund).
Added by Acts 2019, 86th Leg., R.S., Ch. 301 (H.B. 4174), Sec. 1.01, eff. April 1, 2021.

Source: Section 477.0103 — State Tax Revenue, https://statutes.­capitol.­texas.­gov/Docs/GV/htm/GV.­477.­htm#477.­0103 (accessed Apr. 29, 2024).

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Accessed:
Apr. 29, 2024

§ 477.0103’s source at texas​.gov