Sec. 9501.151. AD VALOREM TAX. (a) The commission may impose an ad valorem tax on real property within the commission's jurisdiction.
(b) The commission shall determine the tax rate, which may not exceed 10 cents for each $100 valuation of property.
(c) Revenue from the tax may be used only to pay for functions of the commission.
Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.
Section: Previous 9501.055 9501.056 9501.057 9501.058 9501.059 9501.060 9501.061 9501.101 9501.1015 9501.102 9501.103 9501.104 9501.105 9501.151 9501.152 NextLast modified: September 28, 2016