Tex. Gov't Code § 480.0152 · Subchapter D. FUND ESTABLISHMENT AND CONTRIBUTIONS
DEPOSIT OF MUNICIPAL AND COUNTY TAX REVENUE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Each endorsing municipality or endorsing county shall remit to the comptroller and the comptroller shall deposit into a trust fund created by the comptroller, at the direction of the office, and designated as the events trust fund the amount of the municipality's or county's hotel occupancy tax revenue determined under Section 480.0102(a)(4) or (5), less any amount of the revenue that the municipality or county determines is necessary to meet the obligations of the municipality or county.
(b) The comptroller, at the direction of the office, shall retain the amount of sales and use tax revenue and mixed beverage tax revenue determined under Section 480.0102(a)(2) or (3) from the amounts otherwise required to be sent to the municipality under Sections 321.502 and 183.051(b), Tax Code, or to the county under Sections 323.502 and 183.051(b), Tax Code, less any amount of the revenue that the municipality or county determines is necessary to meet the obligations of the municipality or county, and shall deposit the retained tax revenue to the events trust fund.
(c) The comptroller shall begin retaining and depositing the municipal and county tax revenue:
(1) with the first distribution of that tax revenue that occurs after the first day of the period described by Section 480.0102(a); or
(2) at a time the office otherwise determines to be practicable.
(d) The comptroller shall discontinue retaining the municipal and county tax revenue when the amount of the applicable tax revenue determined under Section 480.0102(a)(2) or (3) has been retained.
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.480.htm
- Text hash
- sha256 217df6dfed90be719fa4f857e413ac5c6ffbec780b540ef86368668f5875379a
- 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.
Tax Code
- Tex. Tax Code § 183.051MIXED BEVERAGE TAX CLEARANCE FUND.Printed as Sections 321.502 and 183.051(b), Tax Code | Sections 323.502 and 183.051(b), Tax Code
- Tex. Tax Code § 321.502DISTRIBUTION OF TRUST FUNDS.Printed as Sections 321.502 and 183.051(b), Tax Code
- Tex. Tax Code § 323.502DISTRIBUTION OF TRUST FUNDS.Printed as Sections 323.502 and 183.051(b), Tax Code
Cited by 2 provisions
Provisions in this library whose text cites Tex. Gov't Code § 480.0152. Each shows the citation as that text prints it.
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