Sec. 505.251. TAX AUTHORIZED. The governing body of the authorizing municipality by ordinance may adopt a sales and use tax for the benefit of a Type B corporation if the tax is approved by a majority of the voters of the municipality voting at an election held for that purpose in accordance with Chapter 321, Tax Code.
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 505 - Type B Corporations
Subchapter F. Sales and Use Tax
Section 505.251. Tax Authorized
Section 505.254. Specification of Tax Rate on Ballot
Section 505.255. Adoption of Tax at Election to Reduce or Abolish Tax for Type a Corporation
Section 505.256. Applicability of Tax Code
Section 505.2565. Limitation on Duration of Tax
Section 505.2566. Election to Reduce or Increase Tax Rate
Section 505.257. Reduction of Tax Within Regional Transportation Authority
Section 505.2575. Limited Sales and Use Tax for Specific Project
Section 505.258. Cessation of Collection of Taxes
Section 505.259. Election Requirement for Certain Municipalities