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A JOINT RESOLUTION
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proposing a constitutional amendment increasing the state general |
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sales and use tax rate and dedicating the increased state revenue to |
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public education and property tax relief. |
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BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Article VII, Texas Constitution, is amended by |
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adding Section 5b to read as follows: |
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Sec. 5b. The school equalization fund consists of: |
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(1) certain proceeds of the state sales and use tax, as |
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provided by Section 25, Article VIII, of this constitution; and |
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(2) other funds transferred or dedicated to the fund |
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by general law. |
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SECTION 2. Article VIII, Texas Constitution, is amended by |
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adding Section 25 to read as follows: |
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Sec. 25. (a) The state shall impose the sales and use tax |
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authorized by Chapter 151, Tax Code, or its successor, at the rate |
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of seven percent. |
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(b) Notwithstanding Subsection (a) of this section, the |
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legislature by general law may raise or lower the rate of the tax or |
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modify or repeal the tax. |
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(c) Notwithstanding any other provision of this |
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constitution, the net revenue derived from an increase in the rate |
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of the tax described by Subsection (a) of this section over the rate |
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of the tax on August 31, 2009, shall be deposited, as determined by |
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the legislature, to the credit of: |
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(1) the school equalization fund; or |
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(2) the property tax relief fund or that fund's |
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successor. |
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SECTION 3. This proposed constitutional amendment shall be |
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submitted to the voters at an election to be held November 3, 2009. |
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The ballot shall be printed to permit voting for or against the |
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proposition: "The constitutional amendment increasing the sales |
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and use tax rate and dedicating the increased state revenue to |
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public education and property tax relief." |