Tax Code › Title 3 › Chapter 321 › Subchapter F

Texas Tax Code § 321.503

State's Share

Municipal Sales and Use Tax Act · Revenue Deposit, Distribution, and Use

Before sending any money to a municipality under this subchapter the comptroller shall deduct two percent of the amount of the taxes collected within the municipality during the period for which a distribution is made as the state's charge for its services under this chapter and shall, subject to premiums payments under Section 321.501(c), credit the money deducted to the general revenue fund.

Official text of the Texas Tax Code as published by the Texas Legislative Council.

Official source
Legislative history

Added by Acts 1987, 70th Leg., ch. 191, Sec. 1, eff. Sept. 1, 1987.

This section refers to

§ 321.501