Texas Tax Code 352.105 – Allocation of Revenue: Counties of More Than 3.3 Million
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Terms Used In Texas Tax Code 352.105
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Population: means the population shown by the most recent federal decennial census. See Texas Government Code 311.005
In each county fiscal year, a county with a population of more than 3.3 million that levies a tax under this chapter must spend for the purposes provided by § 352.101(a)(3) an amount that is not less than 15 percent of the amount of revenue derived from the application of the tax at a rate of one percent.