DISPOSITION OF TAX PROCEEDS
Applied in 1 court decision — leading case Texans Uniting for Reform & Freedom v. Saenz (2010)
Most recently applied in Texans Uniting for Reform & Freedom v. Saenz (August 2010)
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff
(a) The proceeds of the taxes imposed under Chapter 221, 222, 224, or 226 shall be deposited to the credit of the general revenue fund.
(b) An amount equal to one-fourth of the proceeds deposited under Subsection (a) shall be transferred to the credit of the foundation school fund.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.