Tex. Tax Code § 323.505 · Subchapter F. REVENUE DEPOSIT, DISTRIBUTION, AND USE
USE OF TAX REVENUE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The money received by a county under this chapter is for the use and benefit of the county and shall be used for the replacement of property tax revenue lost as a result of the adoption of the taxes authorized by this chapter. Except as provided by Subsection (b), the revenue in excess of the revenue used to replace those property taxes shall be used for the reduction of indebtedness of the county. After all indebtedness is paid, the excess may be used for any purpose for which county general revenue may be used. A county may not pledge anticipated revenue from this source to secure the payment of bonds or other indebtedness for a period longer than one year.
(b) Revenue collected from the tax imposed under this chapter in each of the first three years in which the tax is imposed in the county in excess of the amount determined as provided by Section 26.041(d) for each year shall be deposited in an account to be called the excess sales tax revenue fund. During those three years, revenue deposited in the excess sales tax revenue fund may be used only if and to the extent that taxes or other revenues of the county are collected in amounts less than anticipated. After that period, the revenue in the fund may be used for any purpose for which county general revenue may be used. The fund ceases to exist when all revenue deposited in the fund has been spent.
Notes and commentary — not statutory text
History
Added by Acts 1987, 70th Leg., ch. 191, Sec. 1, eff. Sept. 1, 1987. Amended by Acts 1989, 71st Leg., ch. 2, Sec. 14.18(b), eff. Aug. 28, 1989; Acts 1991, 72nd Leg., ch. 16, Sec. 17.07, eff. Aug. 26, 1991.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/TX/htm/TX.323.htm
- Text hash
- sha256 199be78a53eacedd4b38bb3dbaf5b09e8828d3cbcee7fe9ae4fb9c3f646deb74
- 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.
Cited by 10 provisions
Provisions in this library whose text cites Tex. Tax Code § 323.505. Each shows the citation as that text prints it.
Local Government Code
Special District Local Laws Code
- Tex. Spec. Dist. Local Laws Code § 3813.154IMPOSITION, COMPUTATION, ADMINISTRATION, AND GOVERNANCE OF TAXES.Printed as Sections 323.401-323.406 and 323.505, Tax Code
- Tex. Spec. Dist. Local Laws Code § 3828.202APPLICABILITY OF CERTAIN TAX CODE PROVISIONS.Printed as Sections 323.401-323.404 and 323.505, Tax Code
- Tex. Spec. Dist. Local Laws Code § 3846.154IMPOSITION, COMPUTATION, ADMINISTRATION, AND GOVERNANCE OF TAXES.Printed as Sections 323.401-323.406, and 323.505, Tax Code
- Tex. Spec. Dist. Local Laws Code § 3875.111LIMITED SALES AND USE TAX.Printed as Sections 323.401-323.404 and 323.505, Tax Code
- Tex. Spec. Dist. Local Laws Code § 3933.352APPLICABILITY OF CERTAIN TAX CODE PROVISIONS.Printed as Sections 323.401-323.404 and 323.505, Tax Code
- Tex. Spec. Dist. Local Laws Code § 3951.252APPLICABILITY OF CERTAIN TAX CODE PROVISIONS.Printed as Sections 323.401-323.404 and 323.505, Tax Code
- Tex. Spec. Dist. Local Laws Code § 4013.0602APPLICABILITY OF CERTAIN TAX CODE PROVISIONS.Printed as Sections 323.401-323.404 and 323.505, Tax Code
Transportation Code
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