Texas Tax Code

§ 152.123 — TAX RETAINED BY COUNTY

TX § 152.123Title 2. STATE TAXATION · Part E. SALES, EXCISE, AND USE TAXES · Ch. 152. TAXES ON SALE, RENTAL, AND USE OF MOTOR VEHICLES · Art. G. DISPOSITION OF TAXES

Statute text

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(a)The county tax assessor-collector each calendar year shall calculate five percent of the tax and penalties collected by the county tax assessor-collector under this chapter in the preceding calendar year. In addition, the county tax assessor-collector shall calculate each calendar year an amount equal to five percent of the tax and penalties that the comptroller:

(1)collected under Section 152.047 in the preceding calendar year; and

(2)determines are attributable to sales in the county.

(b)The county shall retain the following percentage of the amounts calculated under Subsection (a) during each of the following fiscal years:

(1)in fiscal year 2006, 10 percent;

(2)in fiscal year 2007, 20 percent;

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Legislative history

Added by Acts 2003, 78th Leg., ch. 1325, Sec. 9.01, eff. Sept. 1, 2005.