Tex. Educ. Code § 47.006 · Chapter 47. TAX REDUCTION AND EXCELLENCE IN EDUCATION FUND
DEPOSIT OF MONEY BASED ON CERTAIN SALES AND USE TAX COLLECTIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(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).
Notes and commentary — not statutory text
History
Added by Acts 2019, 86th Leg., R.S., Ch. 943 (H.B. 3), Sec. 1.010, eff. January 1, 2020.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/ED/htm/ED.47.htm
- Text hash
- sha256 cc4b46609a356e9312390dfaf8c4235913ca4a68f03a23134647f28f83fc237a
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.