Texas Tax Code § 162.506 Allocation Of Compressed Natural Gas And Liquefied Natural Gas Tax

Sec. 162.506. ALLOCATION OF COMPRESSED NATURAL GAS AND LIQUEFIED NATURAL GAS TAX. On or before the fifth workday after the end of each month, the comptroller, after making deductions for refund purposes and for the administration and enforcement of this chapter, shall allocate the remainder of the taxes collected under Subchapter D-1 as follows:

(1) one-fourth of the taxes shall be deposited to the credit of the available school fund; and

(2) three-fourths of the taxes shall be deposited to the credit of the state highway fund.

Added by Acts 2013, 83rd Leg., R.S., Ch. 990 (H.B. 2148), Sec. 5, eff. September 1, 2013.

Section: Previous  162.402  162.403  162.404  162.405  162.406  162.407  162.408  162.409  162.410  162.501  162.502  162.5025  162.503  162.504  162.5045

Last modified: September 28, 2016