Texas Government Code 475.0153 – Deposit of Municipal or County Tax Revenue to Trust Fund
Current as of: 2024 | Check for updates
|
Other versions
(a) A local government corporation acting as an endorsing municipality or endorsing county under this subtitle shall remit for deposit into the trust fund established for the games or event the amounts determined by the office under this subtitle.
(b) The office shall determine the incremental increase in tax receipts attributable to the games or event and related activities under this subtitle based on the amount of taxes imposed by each municipality or county that comprises the corporation and not on the amount of taxes imposed by the corporation.
Terms Used In Texas Government Code 475.0153
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.