| Issue Date: | 1996-09-01 |
|---|---|
| Revised Date: | 2021-09-01 |
Legal Cites
- Tax Code sec. 321.501, sec. 322.101, sec. 322.102, sec. 322.301, sec. 323.501
- Transportation Code sec. 451.404, sec. 453.401
- Government Code sec. 403.011
Origin:
September 1, 1996
Purpose
To record the receipt of local sales and use tax collected by the Comptroller for each city, county, metropolitan transit authority (MTA) and special purpose district (SPD) authorizing the collection. Such receipts to be transmitted at least twice each year. Provision for retention of a portion of the authority's share to cover returned checks and refunds is permissible. An amount equal to 2 percent of collections is transmitted to the General Revenue Fund to offset administrative costs.
If a municipality is determined to be a defunding municipality by the Governor’s Criminal Justice Division, the division will determine the amount of state money spent in that municipality on law enforcement. The Comptroller shall deduct that amount from the municipality’s share of taxes and deposit that amount to general revenue. That amount may only be appropriated to the Department of Public Safety.
| Classification | Group 08: Trust Funds [?] |
|---|---|
| Depository Interest | Deposited to General Revenue Fund 0001. |
| Disposition of Balance | Accumulative |
| Appropriation Technique | Not appropriated for state expenditure. |
Administering Agencies
Note
Deduction of taxes from defunding municipalities and dedication to the Department of Public Safety added by H.B. 1900 and H.B. 2896, 87th Leg., R.S.
USAS Values
| USAS Title | CITY, COUNTY, MTA & SPD SALES TAX TRUST |
|---|---|
| Consolidated Fund | |
| State Fund Group | 08 - TRUST FUNDS |
| USAS Status | A |