This law outlines how revenue from the sale of alcoholic beverage tax stamps and related taxes is to be allocated. It mandates that after covering administrative costs, the remaining funds are deposited into the general revenue fund, with a portion allocated for specific purposes.
Funds from alcohol taxes are deposited into the general revenue fund.
Administrative expenses are deducted before fund allocation.
One-fourth of net revenue is designated for specific transfers.
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In simple terms: Learn about Texas's DISPOSITION OF RECEIPTS. law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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