Texas Statutes (Last Updated: January 4, 2014) |
TAX CODE |
Title 2. STATE TAXATION |
Subtitle I. SEVERANCE TAXES |
Chapter 203. SULPHUR PRODUCTION TAX |
Subchapter D. CLASSIFICATION OF TAX AND ALLOCATION OF REVENUE |
Sec. 203.152. ALLOCATION OF REVENUE
Latest version.
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One-fourth of the revenue collected from the tax imposed by this chapter shall be deposited to the credit of the foundation school fund and three-fourths to the general revenue fund.
Acts 1981, 67th Leg., p. 1745, 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. 9, eff. Sept. 1, 1984.