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<br />Economic Development Sales T~ (96-302) <br /> <br />Page 4 of8 <br /> <br />submitting the report are available through the Comptroller's office or online at: <br />http://www.window.state.tx.us/lagal edcform.html. <br /> <br />The Comptroller will use this information to report to the Legislature each biennium about <br />the use of ~4A and ~4B sales tax revenues to encourage economic development. <br /> <br />Can you undertake projects outside city limits? <br /> <br />An economic development corporation may undertake projects outside city limits so long as <br />it is clear that the city benefits from the project. If a city undertakes a project outside its <br />limits, it must receive permission to do so from the governing body of the entity with <br />jurisdiction in that area. For example, if a city locates a project beyond city limits, it should <br />receive approval from the county's commissioners court. <br /> <br />How do you impose the tax? <br />City voters must approve this special, dedicated tax - just like all other sales tax options. <br /> <br />Call for an Election <br />Cities may call for this election in two ways: <br /> <br />. the governing body may call an election on its own; or <br />. the city must call for the election if petitioned by at least 20 percent of the number of <br />voters who cast ballots in the most recent regular municipal election. <br /> <br />The city's governing body must adopt an ordinance calling for the election at least 62 days <br />before it is held. <br /> <br />The election must be held on one of the uniform election dates according to V.T.C.A., <br />Election Code ~41.001: <br /> <br />. the first Saturday in February; <br />. the first Saturday in May; <br />. the second Saturday in September; or <br />. the first Tuesday after the first Monday in November. <br /> <br />How long is the tax effective? <br /> <br />Under ~4A <br />A tax approved without a limit on its duration is effective until repealed by an election. A <br />city may call an election to repeal the tax in the same way as an election to change the rate <br />of the tax. <br /> <br />A tax imposed for a specified period expires at the end of that period. A city imposing a tax <br />for a specified period may extend the period or reimpose the tax after its expiration date <br />only with voter approval. <br /> <br />A tax for a specific project expires when all debts related to the project and obligations from <br /> <br />http://www.window.state.tx.us/taxinfo/taxpubs/tx96 _302 .html <br /> <br />8/17/2004 <br />