Tex. Tax Code § 152.123 · Subchapter G. DISPOSITION OF TAXES
TAX RETAINED BY COUNTY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The county tax assessor-collector each calendar year shall calculate five percent of the tax and penalties collected by the county tax assessor-collector under this chapter in the preceding calendar year. In addition, the county tax assessor-collector shall calculate each calendar year an amount equal to five percent of the tax and penalties that the comptroller:
(1) collected under Section 152.047 in the preceding calendar year; and
(2) determines are attributable to sales in the county.
(b) The county shall retain the following percentage of the amounts calculated under Subsection (a) during each of the following fiscal years:
(1) in fiscal year 2006, 10 percent;
(2) in fiscal year 2007, 20 percent;
(3) in fiscal year 2008, 30 percent;
(4) in fiscal year 2009, 40 percent;
(5) in fiscal year 2010, 50 percent;
(6) in fiscal year 2011, 60 percent;
(7) in fiscal year 2012, 70 percent;
(8) in fiscal year 2013, 80 percent;
(9) in fiscal year 2014, 90 percent;
(10) in fiscal year 2015 and succeeding years, 100 percent.
(c) The county shall credit the amounts retained under Subsection (b) to the county's general fund.
Notes and commentary — not statutory text
History
Added by Acts 2003, 78th Leg., ch. 1325, Sec. 9.01, eff. Sept. 1, 2005.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/TX/htm/TX.152.htm
- Text hash
- sha256 ccc9e0cf027282c40fa270d0f825cf6a0e91283ec5209ca96427330458ce8552
- 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
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