Tex. Tax Code § 321.503

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 321.503 - State's Share

Before sending any money to a municipality under this subchapter the comptroller shall deduct two percent of the amount of the taxes collected within the municipality during the period for which a distribution is made as the state's charge for its services under this chapter and shall, subject to premiums payments under Section 321.501(c), credit the money deducted to the general revenue fund.

Tex. Tax Code § 321.503

Added by Acts 1987, 70th Leg., ch. 191, Sec. 1, eff. Sept. 1, 1987.