Sec. 322.306. RETENTION OF CERTAIN SPECIAL PURPOSE DISTRICT SALES TAXES. A taxing entity that holds a sales and use tax permit issued by the comptroller and that imposes a sales and use tax may retain the portion of the tax that the taxing entity collects and that constitutes the entity's own tax. The taxing entity shall remit to the comptroller all other applicable local sales and use taxes and the state sales and use tax.
Added by Acts 2001, 77th Leg., ch. 1263, Sec. 76, eff. Oct. 1, 2001.
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