Sec. 504.253. USE TAX. (a) If the authorizing municipality adopts the tax under Section 504.251, an excise tax is imposed on the use, storage, or other consumption within the municipality of taxable items purchased, leased, or rented from a retailer during the period that the tax is effective within the municipality.
(b) The rate of the excise tax is the same as the rate of the sales tax portion of the sales and use tax and is applied to the sales price of the taxable items.
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff. April 1, 2009.
Structure Texas Statutes
Title 12 - Planning and Development
Chapter 504 - Type a Corporations
Subchapter F. Sales and Use Tax
Section 504.251. Tax Authorized
Section 504.254. Combined Tax Rate
Section 504.255. Applicability of Tax Code
Section 504.257. Limitation on Duration of Tax
Section 504.258. Election to Reduce or Increase Tax Rate
Section 504.259. Reduction of Tax Within Regional Transportation Authority
Section 504.260. Limited Sales and Use Tax for Specific Project
Section 504.261. Concurrent Election With Election Under Tax Code