Bill Text: TX HB3045 | 2017-2018 | 85th Legislature | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to an election to reduce or increase the sales and use tax rate imposed by a municipality for the benefit of a Type B development corporation.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Passed) 2017-06-15 - Effective immediately [HB3045 Detail]
Download: Texas-2017-HB3045-Introduced.html
Bill Title: Relating to an election to reduce or increase the sales and use tax rate imposed by a municipality for the benefit of a Type B development corporation.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Passed) 2017-06-15 - Effective immediately [HB3045 Detail]
Download: Texas-2017-HB3045-Introduced.html
85R12502 ATP-F | ||
By: Dale | H.B. No. 3045 |
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relating to an election to reduce or increase the sales and use tax | ||
rate imposed by a municipality for the benefit of a Type B | ||
development corporation. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Subchapter F, Chapter 505, Local Government | ||
Code, is amended by adding Section 505.2566 to read as follows: | ||
Sec. 505.2566. ELECTION TO REDUCE OR INCREASE TAX RATE. (a) | ||
An authorizing municipality that has imposed a sales and use tax | ||
under this chapter may, in the same manner and by the same procedure | ||
as the municipality imposed the tax, reduce or increase the tax rate | ||
by a majority of the voters of the municipality voting at an | ||
election held for that purpose. | ||
(b) On petition of 10 percent or more of the registered | ||
voters of the authorizing municipality requesting an election to | ||
reduce or increase the tax rate under this chapter, the governing | ||
body of the municipality shall order an election on the issue. | ||
(c) The tax rate may be reduced or increased to any rate that | ||
is an increment of one-eighth of one percent, that the authorizing | ||
municipality determines is appropriate, and that would not result | ||
in a combined rate that exceeds the maximum combined rate | ||
prescribed by Section 505.256(a). | ||
SECTION 2. This Act takes effect immediately if it receives | ||
a vote of two-thirds of all the members elected to each house, as | ||
provided by Section 39, Article III, Texas Constitution. If this | ||
Act does not receive the vote necessary for immediate effect, this | ||
Act takes effect September 1, 2017. |