Texas § 321.503 STATE'S SHARE.

Texas Statutes

§ 321.503 — STATE'S SHARE.

Texas § 321.503

Code TXTax Code

This text of Texas § 321.503 (STATE'S SHARE.) 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. Tax Code Code Ann. § 321.503 (2026).

Text

Sec. 321.503. STATE'S SHARE. Before sending any money to a municipality under this subchapter the comptroller shall deduct two percent of the amount of the taxes collected within the municipality during the period for which a distribution is made as the state's charge for its services under this chapter and shall, subject to premiums payments under Section 321.501 (c), credit the money deducted to the general revenue fund.

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Sec. 321.503. STATE'S SHARE. Before sending any money to a municipality under this subchapter the comptroller shall deduct two percent of the amount of the taxes collected within the municipality during the period for which a distribution is made as the state's charge for its services under this chapter and shall, subject to premiums payments under Section 321.501 (c), credit the money deducted to the general revenue fund.