SENATE BILL 972 |
SENATE AUTHOR: Shapiro |
EFFECTIVE: 06-20-03 |
HOUSE SPONSOR: McCall |
Senate Bill 972 amends the Transportation Code, the Local Government Code, and the Development Corporation Act to allow a regional transportation authority to admit into its territorial limits a municipality that has a special sales and use tax rate that, when combined with the sales and use tax rate of the authority, would cause the tax in the area to exceed the local sales and use tax cap of two percent. The admission is subject to voter approval that would reduce the sales and use tax so that the combined level does not exceed the cap. The special sales and use tax may be used to fund municipal development corporations and crime control and prevention districts.