Sec. 322.303. STATE'S SHARE. Before sending any money to a taxing entity under this subchapter, the comptroller shall deduct two percent of the amount of the taxes collected within the entity area during the period for which a distribution is made as the state's charge for its services under this chapter and shall credit the money deducted to the general revenue fund.
Added by Acts 1987, 70th Leg., ch. 191, Sec. 1, eff. Sept. 1, 1987.
Structure Texas Statutes
Subtitle C - Local Sales and Use Taxes
Chapter 322 - Sales and Use Taxes for Special Purpose Taxing Authorities
Subchapter D. Revenue Deposit, Distribution, and Use
Section 322.301. Collections Held by Comptroller
Section 322.302. Distribution of Trust Funds
Section 322.303. State's Share
Section 322.304. Amounts Retained in Trust Account
Section 322.305. Interest on Trust Accounts
Section 322.306. Retention of Certain Special Purpose District Sales Taxes