Tex. Gov't Code § 476.0103 · Subchapter C. TRUST FUND ESTABLISHMENT, CONTRIBUTION, AND LIMITATION
STATE TAX REVENUE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) At the time the endorsing municipality deposits to the trust fund its hotel occupancy tax revenue under Section 476.0102(a), the comptroller, at the direction of the office, shall transfer to the trust fund a portion of the state tax revenue determined under Section 476.0051(a)(1) in an amount equal to 6.25 multiplied by the amount of that municipal hotel occupancy tax revenue.
(b) At the time the comptroller deposits to the trust fund the municipal sales and use tax revenue under Section 476.0102(b), the comptroller, at the direction of the office, shall transfer to the trust fund a portion of the state tax revenue determined under Section 476.0051(a)(1) in an amount equal to 6.25 multiplied by the amount of that municipal sales and use tax revenue.
(c) The comptroller shall discontinue transferring to the trust fund any state tax revenue determined under Section 476.0051(a)(1) on the earlier of:
(1) the end of the third calendar month following the month in which the closing event of the games occurs; or
(2) the date the amount of state revenue in the trust fund equals 86 percent of the maximum amount of municipal and state tax revenue that may be transferred or deposited to the trust fund under Section 476.0104.
Notes and commentary — not statutory text
History
Added by Acts 2019, 86th Leg., R.S., Ch. 301 (H.B. 4174), Sec. 1.01, eff. April 1, 2021.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.476.htm
- Text hash
- sha256 c30221f88e33e674eef6ab559dfe437614a7ec64ae23bc4efe6bd4e43cd4f456
- 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.
Government Code
- Tex. Gov't Code § 476.0051DETERMINATION OF INCREMENTAL INCREASE IN CERTAIN TAX RECEIPTS.Printed as Section 476.0051(a)(1)
- Tex. Gov't Code § 476.0102DEPOSIT OF MUNICIPAL TAX REVENUE.Printed as Section 476.0102(a) | Section 476.0102(b)
- Tex. Gov't Code § 476.0104LIMITATION ON TRANSFERS AND DEPOSITS TO TRUST FUND.Printed as Section 476.0104
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.