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Texas Statutes (Last Updated: January 4, 2014) |
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TAX CODE |
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Title 2. STATE TAXATION |
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Subtitle G. GROSS RECEIPTS TAXES |
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Chapter 182. MISCELLANEOUS GROSS RECEIPTS TAXES |
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Subchapter G. NATURE AND ALLOCATION OF TAX |
Sec. 182.122. ALLOCATION OF TAX
Latest version.
- (a) Revenues collected under this chapter are allocated:
(1) one-fourth to the foundation school fund; and
(2) three-fourths to the general revenue fund.
(b) The comptroller shall transfer to the advanced clean energy project account the first $30 million of the revenues collected under this chapter that are allocated to the general revenue fund under Subsection (a)(2) in any state fiscal biennium.
Acts 1981, 67th Leg., p. 1719, ch. 389, Sec. 1, eff. Jan. 1, 1982. Amended by Acts 1981, 67th Leg., p. 2778, ch. 752, Sec. 9(h), eff. Jan. 1, 1982; Acts 1984, 68th Leg., 2nd C.S., ch. 28, art. II, part B, Sec. 5, eff. Sept. 1, 1984. Amended by: Acts 2007, 80th Leg., R.S., Ch. 1277 , Sec. 7, eff. September 1, 2007. Acts 2007, 80th Leg., R.S., Ch. 1277 , Sec. 8, eff. September 1, 2020.