With a looming threat, the City of San Marcos could lose millions of dollars in sales tax revenue by proposed rule changes made by the Texas Comptroller's office. San Marcos civic leaders have banded together to issue a statement saying – not so fast.
In the letter from the San Marcos Area Chamber Commerce, and similar remarks from the City of San Marcos and the Greater San Marcos Partnership, leadership is stating its concerns about proposed tax code changes, which would redirect where sales tax revenue goes for online sales.
“On behalf of the San Marcos Area Chamber of Commerce, representing more than 700 investors employing over 36,000 people, I am reaching out to you today with great concern to oppose the proposed changes to the distribution of sales tax revenue of online sales in Texas," Jason Mock, president and CEO of the San Marcos Chamber of Commerce, wrote. “The implications of redistributing these tax dollars away from the communities who currently rely upon them will create a direct and long-term negative impact on the quality of life of our residents. In addition, we oppose the proposed language that severely limits sales tax rebates under Chapter 380 of the Texas Local Government Code.”
