HB312

Texas HB312 allows municipalities and counties to impose a supplemental local sales and use tax for property tax relief and general governmental.

Texas HB312 introduces a new chapter in the Tax Code allowing municipalities and counties to impose a supplemental local sales and use tax. This tax can be used to provide additional revenue for property tax relief and general governmental purposes, subject to voter approval. The tax rate cannot exceed one percent. Revenue from the tax is allocated 50 percent for the municipality or county imposing the tax and the remainder for any general purpose. The tax becomes effective six months after the election results are received by the comptroller.