SB372 Summary

• Dallas County Commission may levy an additional sales and use tax of up to one-half of one percent on sales, use, storage, consumption, or gross receipts in the county, subject to majority vote approval.

• Businesses must collect the tax from purchasers at the point of sale and are prohibited from refunding, absorbing, or advertising absorption of any portion of the tax.

• Net proceeds from the tax shall be distributed as follows: 80 percent to the Dallas County Board of Education and 20 percent to the City of Selma Board of Education for educational purposes.

• The new tax becomes effective only upon repeal of an existing one-half cent sales and use tax levied for educational purposes under general law, and proceeds to Selma must first be credited toward any prior erroneous distribution obligations.

• Existing state and local sales and use tax statutes apply to collection, administration, enforcement, penalties, and record-keeping for this additional tax.