Sec. 363.1541. REDUCTION OF TAX RATE FOR CERTAIN DISTRICTS. (a) This section applies only to a district created by a municipality that has elected to be added to the territory of a regional transportation authority under Section 452.6025, Transportation Code.
(b) The board shall reduce the sales and use tax imposed for the benefit of the district to the highest rate that will not impair the imposition of the regional transportation authority's sales and use tax on or before the effective date of the addition of the municipality to the authority as determined by the executive committee of the regional transportation authority under Section 452.6025, Transportation Code.
Added by Acts 2003, 78th Leg., ch. 915, Sec. 4, eff. June 20, 2003.
Section: Previous 363.104 363.105 363.106 363.151 363.152 363.153 363.154 363.1541 363.155 363.156 363.157 363.158 363.159 363.160 363.161 NextLast modified: September 28, 2016