Tex. Loc. Gov't Code § 504.262

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 504.262 - Procedures on Expiration of Tax

(a) Before the 60th day before the date that a sales and use tax imposed under this chapter is to expire, the governing body of the authorizing municipality imposing the tax shall send to the comptroller a notice stating the expiration date of the tax.

(b) The state shall forward revenue collected from the imposition of the tax after the tax's expiration date to the governing body of the authorizing municipality to be used to pay current bonded indebtedness of the municipality.

Tex. Loc. Gov't. Code § 504.262

Added by Acts 2007, 80th Leg., R.S., Ch. 885, Sec. 3.01, eff. 4/1/2009.