Texas § 451.613 COLLECTION OF SALES AND USE TAX AFTER WITHDRAWAL.

Texas Statutes

§ 451.613 — COLLECTION OF SALES AND USE TAX AFTER WITHDRAWAL.

Texas § 451.613

Code TNTransportation Code

This text of Texas § 451.613 (COLLECTION OF SALES AND USE TAX AFTER WITHDRAWAL.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Transportation Code Code Ann. § 451.613 (2026).

Text

Sec. 451.613. COLLECTION OF SALES AND USE TAX AFTER WITHDRAWAL.

(a)Until the amount of revenue from an authority's sales and use tax collected in a withdrawn unit of election after the effective date of withdrawal and paid to the authority equals the net financial obligation of the unit, the sales and use tax continues to be collected in the territory of the unit of election.

(b)After the amount described by Subsection (a) has been collected or if the share of the authority's assets computed for the unit of election under Section 451.611 is greater than the gross financial obligation of the unit to the authority, the comptroller shall discontinue collecting the tax in the territory of the unit of election.

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 451.613. COLLECTION OF SALES AND USE TAX AFTER WITHDRAWAL. (a) Until the amount of revenue from an authority's sales and use tax collected in a withdrawn unit of election after the effective date of withdrawal and paid to the authority equals the net financial obligation of the unit, the sales and use tax continues to be collected in the territory of the unit of election.
(b) After the amount described by Subsection (a) has been collected or if the share of the authority's assets computed for the unit of election under Section 451.611 is greater than the gross financial obligation of the unit to the authority, the comptroller shall discontinue collecting the tax in the territory of the unit of election.