Sec. 47.006. DEPOSIT OF MONEY BASED ON CERTAIN SALES AND USE TAX COLLECTIONS. (a) The comptroller shall deposit to the credit of the fund on or before the fifth business day after the end of each month an amount of general revenue equal to the amount of state sales and use tax revenue collected by marketplace providers on sales of taxable items made through the marketplace under Section 151.0242, Tax Code, and remitted to this state during the preceding month, less any amount of that revenue the comptroller estimates would have been collected and remitted if Section 151.0242 were not law.
(b) Money deposited to the fund under this section may be appropriated from the fund only for the purpose described by Section 47.003(2).
Added by Acts 2019, 86th Leg., R.S., Ch. 943 (H.B. 3), Sec. 1.010, eff. January 1, 2020.
Structure Texas Statutes
Subtitle I - School Finance and Fiscal Management
Chapter 47 - Tax Reduction and Excellence in Education Fund
Section 47.002. Fund Established
Section 47.004. Deposit of Certain Money Dedicated for School District Ad Valorem Tax Rate Reduction
Section 47.005. Certain Money Distributed to Available School Fund
Section 47.006. Deposit of Money Based on Certain Sales and Use Tax Collections