Section 480.0155 - State Tax Revenue(a) The comptroller, at the direction of the office, shall transfer to the events trust fund a portion of the state tax revenue in an amount equal to 6.25 multiplied by the amount of the municipal and county tax revenue retained or remitted under this chapter, including:(1) local sales and use tax revenue;(2) mixed beverage tax revenue;(3) hotel occupancy tax revenue; and(4) surcharge and user fee revenue.(b) The amount transferred under Subsection (a) may not exceed the incremental increase in tax receipts determined under Section 480.0102(a)(1).Tex. Gov't. Code § 480.0155
Added by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. TBD,Sec. 1.01, eff. 4/1/2021.