|
House Bill 3045 |
House Author: Dale |
|
Effective: 6-15-17 |
Senate Sponsor: Schwertner |
House Bill 3045 amends the Local Government Code to authorize an authorizing municipality that has imposed a sales and use tax for the benefit of a Type B corporation to reduce or increase the tax rate, in the same manner and by the same procedure as the municipality imposed the tax, by a majority of the voters of the municipality voting at an election held for that purpose. The bill requires the municipality's governing body to order an election on the issue on petition of 10 percent or more of the municipality's registered voters and authorizes the reduction or increase to any rate that is an increment of one-eighth of one percent, that the authorizing municipality determines is appropriate, and that would not result in a combined rate that exceeds the maximum combined rate.