|Ballot Proposition||Authorizing the creation of the Tri-County Regional Municipal Development District and the imposition of a sales and use tax at the rate of one-half of one percent for the purpose of financing development projects beneficial to the district.|
|Proposición||Autorizar la creación del distrito regional de desarrollo municipal de Tri-County y la imposición de un impuesto de ventas y uso a la tasa de la mitad de uno por ciento con el propósito de financiar proyectos de desarrollo beneficiosos para el distrito.|
|If I vote FOR||The Tri-County Regional Municipal Development District will be created and a sales tax of 0.5% will be added to the existing sales tax.
|If I vote AGAINST||No Tri-County Regional Municipal Development District will be created and the sales tax rate will remain the same.
|Tax Consequences||If the proposition passes, the sales tax rate will go up by 0.5%. If the proposition fails, the sales tax rate will remain the same.
|What is a Municipal Development District?||Texas law authorizes cities to hold elections to create a municipal development district in part or all of a city’s jurisdiction. Districts can undertake public projects, such as a
convention center, civic center, or auditorium.
|What is a Sales and Use Tax?||This is the formal name for a sales tax. Individuals pay sales taxes on most goods and services in Texas.|
|What is the Current Sales Tax Rate?||The base rate for the Texas sales tax is 6.25%. However, local government agencies (cities, counties, special purpose districts and transit authorities) can hold elections to increase the sales tax in their area. By law, the maximum sales tax rate (including state and local sales taxes) is 8.25%.
To find out what the sales tax rate is where you live, use the Texas Sales Tax Rate Locator. https://mycpa.cpa.state.tx.us/atj/