Tex. Tax Code § 321.501

This is the official text of Tex. Tax Code § 321.501, part of Texas’s Tax Code — governs state and local taxation.

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§ 321.501. TRUST ACCOUNT.

Official statutory text

(a) The comptroller shall deposit the taxes collected by the comptroller under this chapter in trust in the separate suspense account of the municipality from which the taxes were collected.

(b) Repealed by Acts 2003, 78th Leg., ch. 285, Sec. 31(44).

(c) Repealed by Acts 2003, 78th Leg., ch. 285, Sec. 31(44).

Status: repealed · Read it on the official government site

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