Tex. Loc. Gov't Code § 504.260 · Subchapter F. SALES AND USE TAX
LIMITED SALES AND USE TAX FOR SPECIFIC PROJECT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) At an election held under Section 504.251 or 504.258, the authorizing municipality may also allow the voters to vote on a ballot proposition to limit the use of the sales and use tax to a specific project. If an authorizing municipality elects to limit the use of the tax to a specific project, in the ballot proposition prescribed by Section 504.256 or 504.261 a description of the project shall be substituted for the words "new and expanded business enterprises."
(b) When the last of a Type A corporation's obligations have been satisfied regarding the specific project for which the sales and use tax was limited, the corporation shall send to the comptroller a notice stating that the sales and use tax imposed for the specific project may not be collected after the last day of the first calendar quarter beginning after the date of notification. A sales and use tax imposed for a specific project under this section may not be collected after the last day of the first calendar quarter beginning after the date of the notification to the comptroller. The state shall forward revenue collected after the obligations for the specific project have been satisfied to the governing body of the authorizing municipality to be used to pay current bonded indebtedness of the municipality.
(c) A Type A corporation created to perform a specific project under this section may retain its corporate existence and perform any other project approved by the voters of the authorizing municipality at an election held under Section 504.251 or 504.258.
Notes and commentary — not statutory text
History
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff. April 1, 2009.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/LG/htm/LG.504.htm
- Text hash
- sha256 2331ef4a8ed8be94e6530b8bf6c3760b6cbbbf06bccfe0f91df07bf2f2200a23
- 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.
Local Government Code
- Tex. Loc. Gov't Code § 504.251TAX AUTHORIZED.Printed as Section 504.251 or 504.258
- Tex. Loc. Gov't Code § 504.256BALLOT.Printed as Section 504.256 or 504.261
- Tex. Loc. Gov't Code § 504.258ELECTION TO REDUCE OR INCREASE TAX RATE.Printed as Section 504.251 or 504.258
- Tex. Loc. Gov't Code § 504.261CONCURRENT ELECTION WITH ELECTION UNDER TAX CODE.Printed as Section 504.256 or 504.261
Cited by 1 provision
Provisions in this library whose text cites Tex. Loc. Gov't Code § 504.260. Each shows the citation as that text prints it.
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