Tex. Tax Code Section 323.504
Amounts Retained in Trust Account

(a)

The comptroller may retain in the suspense account of a county a portion of the county’s share of the tax collected for the county under this chapter, not to exceed five percent of the amount remitted to the county. If the county has abolished the tax, the amount that may be retained may not exceed five percent of the final remittance to the county at the time of the termination of the collection of the tax.

(b)

From the amounts retained in a county’s suspense account, the comptroller may make refunds for overpayments to the account and to redeem dishonored checks and drafts deposited to the credit of the account.

(c)

Before the expiration of one year after the effective date of the abolition of a county’s tax under this chapter the comptroller shall send to the county the remainder of the money in the county’s account and shall close the account.
Added by Acts 1987, 70th Leg., ch. 191, Sec. 1, eff. Sept. 1, 1987.

Source: Section 323.504 — Amounts Retained in Trust Account, https://statutes.­capitol.­texas.­gov/Docs/TX/htm/TX.­323.­htm#323.­504 (accessed Apr. 20, 2024).

323.001
Short Title 323.002
Definitions 323.003
Other Portions of Tax Applicable 323.101
Tax Authorized 323.102
Effective Dates: New Tax, Tax Repeal 323.103
Sales Tax 323.104
Use Tax 323.105
Crime Control District Tax 323.201
Computation of Sales Taxes 323.202
Method of Reporting: Retailers Having Sales Below Taxable Amount 323.203
Consummation of Sale 323.204
Computation of Use Tax 323.205
Use Tax: County in Which Use Occurs 323.206
County Tax Inapplicable When No State Tax 323.207
State Exemptions Applicable 323.208
Telecommunications Exemption 323.209
Transition Exemption 323.301
Comptroller to Collect and Administer Taxes 323.302
Comptroller’s Reporting Duties 323.303
Sales Tax Permits and Exemption and Resale Certificates 323.304
Discounts for Prepayment and Tax Collection 323.305
Penalties 323.306
Comptroller’s Rules 323.307
Delinquent Taxes: Limitations 323.308
Seizure and Sale of Property 323.309
Suit for Tax Collection 323.310
Disapproval of County Suit 323.311
Judgments in County Suit 323.312
Retention of Certain County Sales Taxes 323.401
Calling of Election 323.402
Deadlines After Petition 323.403
Time of Election 323.404
Ballot Wording 323.405
Official Results of Election 323.406
Frequency of Election 323.407
Election Contest: Notice 323.408
Election Contest: Delayed Effective Date 323.501
Trust Account 323.502
Distribution of Trust Funds 323.503
State’s Share 323.504
Amounts Retained in Trust Account 323.505
Use of Tax Revenue 323.510
Reallocation of County or Local Governmental Entity Tax Revenue 323.3022
Tax Information 323.5041
Interest on Tax Revenue
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Accessed:
Apr. 20, 2024

§ 323.504’s source at texas​.gov