Texas Government Code 477.0103 – State Tax Revenue
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(a) At the time the comptroller deposits to the trust fund the municipal and county tax revenue under § 477.0102(b), the comptroller shall transfer to the trust fund the state tax revenue determined under § 477.0051(a)(1) for the quarter.
(b) The comptroller shall discontinue transferring the amount of state tax revenue determined under § 477.0051(a)(1) on the earlier of:
(1) the end of the third calendar month following the month in which the closing event of the games occurs; or
(2) the date the amount of state revenue in the trust fund equals 86 percent of the maximum amount of municipal, county, and state tax revenue that may be transferred or deposited to the trust fund under § 477.0104.
Terms Used In Texas Government Code 477.0103
- Comptroller: means the state comptroller of public accounts. See Texas Government Code 312.011
- Month: means a calendar month. See Texas Government Code 312.011