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A BILL TO BE ENTITLED
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AN ACT
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relating to changing the sales and use tax rate of a metropolitan |
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rapid transit authority. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 451.407, Transportation Code, is amended |
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to read as follows: |
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Sec. 451.407. RATE DECREASE: SALES AND USE TAX. (a) The |
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board may: |
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(1) decrease by order the authority's sales and use tax |
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rate; or |
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(2) order an election to decrease the rate. |
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(b) The registered voters of an authority, by petition, may |
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require an election to decrease the authority's sales and use tax |
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rate, as provided by Section 451.409. |
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SECTION 2. The heading to Section 451.409, Transportation |
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Code, is amended to read as follows: |
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Sec. 451.409. SALES AND USE TAX RATE INCREASE OR DECREASE: |
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PETITION AND ELECTION. |
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SECTION 3. Sections 451.409(a), (b), and (d), |
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Transportation Code, are amended to read as follows: |
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(a) A petition to increase or decrease the rate of an |
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authority's sales and use tax is valid only if it is submitted to |
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the board and signed by at least 10 percent of the authority's |
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registered voters as determined by the most recent official list of |
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registered voters. |
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(b) The board shall submit a petition for an election to |
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increase or decrease the authority's sales and use tax rate to the |
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secretary of state. |
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(d) The board shall call an election to increase or decrease |
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the tax rate if the secretary determines that a petition is valid or |
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if the secretary fails to act within the period required by |
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Subsection (c). |
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SECTION 4. This Act takes effect September 1, 2019. |