Abolition of Tax

Tex. Special District Local Laws Code § 3967.0707, under Chapter 3967. Wood Trace Management District of Montgomery County, Texas.

Tex. Special District Local Laws Code § 3967.0707

Sec. 3967.0707. ABOLITION OF TAX. (a) Except as provided by Subsection (b), the board may abolish the tax imposed under this subchapter. (b) The board may not abolish the tax imposed under this subchapter if the district has outstanding debt secured by the tax, and repayment of the debt would be impaired by the abolition of the tax. Added by Acts 2019, 86th Leg., R.S., Ch. 1254 (H.B. 4644), Sec. 1, eff. June 14, 2019. SUBCHAPTER I. DISSOLUTION