Bill Text: TX HB3045 | 2017-2018 | 85th Legislature | Enrolled
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-Enrolled.html
| 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. | ||
| ______________________________ | ______________________________ | |
| President of the Senate | Speaker of the House | |
| I certify that H.B. No. 3045 was passed by the House on May 9, | ||
| 2017, by the following vote: Yeas 145, Nays 0, 2 present, not | ||
| voting. | ||
| ______________________________ | ||
| Chief Clerk of the House | ||
| I certify that H.B. No. 3045 was passed by the Senate on May | ||
| 24, 2017, by the following vote: Yeas 31, Nays 0. | ||
| ______________________________ | ||
| Secretary of the Senate | ||
| APPROVED: _____________________ | ||
| Date | ||
| _____________________ | ||
| Governor | ||
