Texas Tax Code

§ 321.510 — REALLOCATION OF MUNICIPAL OR LOCAL GOVERNMENTAL ENTITY TAX REVENUE

TX § 321.510Title 3. LOCAL TAXATION · Part C. LOCAL SALES AND USE TAXES · Ch. 321. MUNICIPAL SALES AND USE TAX ACT · Art. F. REVENUE DEPOSIT, DISTRIBUTION, AND USE

Statute text

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(a)In this section, "local governmental entity" includes any governmental entity created by the legislature that has a limited purpose or function, that has a defined or restricted geographic territory, and that is authorized by law to impose a local sales and use tax the imposition, computation, administration, enforcement, and collection of which is governed by this chapter.

(b)This section applies only if:

(1)the comptroller:

(A)reallocates local tax revenue from a municipality or local governmental entity to another municipality or local governmental entity; or

(B)refunds local tax revenue that was previously allocated to a municipality or local governmental entity; and

(2)the amount the comptroller reallocates or refunds is at least equal to the lesser of:

…

Legislative history

Added by Acts 2011, 82nd Leg., R.S., Ch. 942 (H.B. 590), Sec. 2, eff. September 1, 2011.