Sec. 334.086. IMPOSITION OF TAX. (a) If the municipality or county adopts the tax, a tax is imposed on the receipts from the sale at retail of taxable items in the municipality or county at the rate approved at the election.
(b) There is also imposed an excise tax on the use, storage, or other consumption in the municipality or county of tangible personal property purchased, leased, or rented from a retailer during the period that the tax is effective in the municipality or county. The rate of the excise tax is the same as the rate of the sales tax portion of the tax and is applied to the sale price of the tangible personal property.
Added by Acts 1997, 75th Leg., ch. 551, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 10 - Parks and Other Recreational and Cultural Resources
Chapter 334 - Sports and Community Venues
Subchapter D. Sales and Use Tax
Section 334.081. Sales and Use Tax
Section 334.082. Tax Code Applicable
Section 334.084. Rate Increase
Section 334.085. Imposition in Municipality or County With Other Taxing Authority
Section 334.0855. Imposition in Certain Municipalities and Counties
Section 334.086. Imposition of Tax
Section 334.087. Effective Date of Tax