Sec. 3967.0707. ABOLITION OF TAX. (a) Except as provided by Subsection (b), the board may abolish the tax imposed under this subchapter.
(b) The board may not abolish the tax imposed under this subchapter if the district has outstanding debt secured by the tax, and repayment of the debt would be impaired by the abolition of the tax.
Added by Acts 2019, 86th Leg., R.S., Ch. 1254 (H.B. 4644), Sec. 1, eff. June 14, 2019.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3967 - Wood Trace Management District of Montgomery County, Texas
Subchapter G. Hotel Occupancy Tax
Section 3967.0702. Applicability of Certain Tax Code Provisions
Section 3967.0703. Tax Authorized; Use of Revenue
Section 3967.0705. Information
Section 3967.0706. Use of Revenue
Section 3967.0707. Abolition of Tax