Amend CSSB 935 as follows: Insert new Subchapter D and redesignate subsequent subchapters accordingly: SUBCHAPTER D. SALES AND USE TAX Sec. 334.081. SALES AND USE TAX. (a) A municipality by ordinance or a county by order may impose a sales and use tax under this subchapter. (b) A municipality by ordinance or a county by order may repeal or decrease the rate of a tax imposed under this subchapter. (c) A municipality or county may impose a tax under this subchapter only if: (1) an approved community venue project is or is planned to be located in the municipality or county; and (2) the tax is approved at an election held under Section 334.024. Sec. 334.082. TAX CODE APPLICABLE. (a) Chapter 321, Tax Code, governs the imposition, computation, administration, collection, and remittance of a municipal tax authorized under this subchapter except as inconsistent with this subchapter. (b) Chapter 323, Tax Code, governs the imposition, computation, administration, collection, and remittance of a county tax authorized under this subchapter except as inconsistent with this subchapter. Sec. 334.083. TAX RATE. (a) The rate of a tax adopted under this subchapter must be one-eighth, one-fourth, three-eighths, or one-half of one percent. (b) The ballot proposition at the election held to adopt the tax must specify the rate of the tax to be adopted. Sec. 334.084. RATE INCREASE. (a) A municipality or county that has adopted a sales and use tax under this subchapter at a rate of less than one-half of one percent may by ordinance or order increase the rate of the tax if the increase is approved by a majority of the registered voters of that municipality or county voting at an election called and held for that purpose. (b) The tax may be increased under Subchapter (a) in one or more increments of one-eighth of one percent to a maximum of one-half of one percent. (c) The ballot for an election to increase the tax shall be printed to permit voting for or against the proposition: "The adoption of a sales and use tax for the purpose of financing (insert description of community venue project) at the rate of of one percent (insert one-fourth, three-eighths, or one-half as appropriate)." Sec. 334.085. IMPOSITION IN MUNICIPALITY OR COUNTY WITH TRANSIT AUTHORITY. (a) If the municipality or county is included within the boundaries of a rapid transit authority created under Chapter 451, Transportation Code, or a regional transportation authority created under Chapter 452, Transportation Code, and the adoption or increase of the tax under this subchapter would result in a combined tax rate of more than two percent in any location in the municipality or county, the election to approve or increase the tax under this chapter is to be treated for all purposes as an election to reduce the tax rate of the transit or transportation authority to the highest rate that will not result in a combined tax rate of more than two percent in any location in the municipality or county. (b) The rate of the tax imposed by a rapid transit authority under Chapter 451, Transportation Code, or by a regional transportation authority under Chapter 452, Transportation Code, is increased without further action of the board of the authority or the voters of the authority, municipality, or county on the date on which the tax imposed under this subchapter is decreased or expires, but only to the extent that any tax imposed by the authority was reduced under this section when the tax imposed by the county was adopted or increased. (c) This section does not permit an authority to impose taxes at differential rates within the territory of the authority. Sec. 334.086. IMPOSITION OF TAX. (a) If the municipality or county adopts the tax, a tax is imposed on the receipts from the sale at retail of taxable items in the municipality or county at the rate approved at the election. (b) There is also imposed an excise tax on the use, storage, or other consumption in the municipality or county of tangible personal property purchased, leased, or rented from a retailer during the period that the tax is effective in the municipality or county. The rate of the excise tax is the same as the rate of the sales tax portion of the tax and is applied to the sale price of the tangible personal property. Sec. 334.087. EFFECTIVE DATE OF TAX. The adoption of the tax or the change of the tax rate takes effect on the first day of the first calendar quarter occurring after the expiration of the first complete quarter occurring after the date on which the comptroller receives a notice of the results of the election adopting or increasing the tax or of the ordinance or order decreasing the tax. Sec. 334.088. DEPOSIT OF TAX REVENUES. Revenue from the tax imposed under this subchapter shall be deposited in the community venue project fund of the municipality or county imposing the tax. Sec. 334.089. ABOLITION OF TAX. (a) A sales and use tax imposed under this subchapter may not be collected after the last day of the first calendar quarter occurring after notification to the comptroller by the municipality or county that the municipality or county has abolished the tax or that all bonds or other obligations of the municipality or county that are payable in whole or in part from money in the community venue project fund, including any refunding bonds or other obligations have been paid in full or the full amount of money, exclusive of guaranteed interest, necessary to pay in full the bonds and other obligations has been set aside in a trust account dedicated to the payment of the bonds and other obligations. (b) The municipality or county shall notify the comptroller of the expiration of the tax not later than the 60th day before the expiration date. Sections 334.090-334.100 reserved for expansion