(a) The city, by majority vote of its governing body, hereby votes to retain the taxes authorized by the Municipal Sales and Use Tax Act (Texas Tax Code ch. 321) on the receipts from the sale, production, distribution, lease or rental of, and the use, storage, or other consumption of gas and electricity for residential use, as authorized by Texas Tax Code § 321.105.
(b) A one-half of one percent local sales and use tax authorized by Texas Tax Code § 321.101(b) for the reduction of property taxes shall become effective within the city on October 1, 1990.
(c) A one-half of one percent local sales and use tax authorized by Texas Local Government Code § 504.251 for the benefit of an industrial development corporation shall become effective within the city on October 1, 1990.
(Prior Code, § 7-1; Ord. of 4-24-1979; Ord. of 6-26-1990)
Editor's note(s)—The voters of the city, at an election held December 16, 1967, approved a one percent city sales and use tax as authorized by Texas Tax Code ch. 321.