Sec. 452.658. COLLECTION OF SALES AND USE TAX AFTER WITHDRAWAL. (a) Until the amount of revenue from an authority's sales and use tax collected in a withdrawn unit of election after the effective date of withdrawal and paid to the authority equals the total financial obligation of the unit, the sales and use tax continues to be collected in the territory of the election unit.
(b) After the amount described by Subsection (a) has been collected, the comptroller shall discontinue collecting the tax in the territory of the unit of election.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Structure Texas Statutes
Subtitle K - Mass Transportation
Chapter 452 - Regional Transportation Authorities
Subchapter Q. Withdrawal of Territory From Authority; Dissolution
Section 452.651. Withdrawal of Unit of Election
Section 452.652. Petition for Withdrawal Election
Section 452.653. Review of Petition
Section 452.654. Invalid Petition
Section 452.656. Result of Withdrawal Election
Section 452.657. Effect of Withdrawal
Section 452.658. Collection of Sales and Use Tax After Withdrawal
Section 452.659. Determination of Total Amount of Financial Obligations of Withdrawn Unit
Section 452.660. Additional Computations for Certain Authorities
Section 452.661. Certification of Net Financial Obligation of Unit
Section 452.662. Dissolution of Authority Created by Contiguous Municipality