Sec. 323.503. STATE'S SHARE. Before sending any money to a county under this subchapter the comptroller shall deduct two percent of the amount of the taxes collected within the county during the period for which a distribution is made as the state's charge for its services under this chapter and shall, subject to premiums payments under Section 323.501(c), 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 323 - County Sales and Use Tax Act
Subchapter F. Revenue Deposit, Distribution, and Use
Section 323.501. Trust Account
Section 323.502. Distribution of Trust Funds
Section 323.503. State's Share
Section 323.504. Amounts Retained in Trust Account
Section 323.5041. Interest on Tax Revenue
Section 323.505. Use of Tax Revenue
Section 323.510. Reallocation of County or Local Governmental Entity Tax Revenue