Sec. 505.253. USE TAX. (a) If the authorizing municipality adopts the tax under Section 505.251, an excise tax is imposed on the use, storage, or other consumption within the municipality of tangible personal property 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 sale price of the tangible personal property.
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