Tex. Gov't Code Section 478.0155
State Tax Revenue

(a)

The comptroller, at the direction of the office, shall transfer to the fund a portion of the state tax revenue in an amount equal to the prevailing state sales tax rate multiplied by the amount of the local 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 478.0102 (Determination of Incremental Increase in Certain Tax Receipts)(a)(1).
Added by Acts 2019, 86th Leg., R.S., Ch. 301 (H.B. 4174), Sec. 1.01, eff. April 1, 2021.

Source: Section 478.0155 — State Tax Revenue, https://statutes.­capitol.­texas.­gov/Docs/GV/htm/GV.­478.­htm#478.­0155 (accessed May 4, 2024).

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Accessed:
May 4, 2024

§ 478.0155’s source at texas​.gov