City of DeSoto Proposition A -

The authorization for the abolition of the sales and use tax within the City of Desoto for the promotion and development of new and expanded business enterprises pursuant to Section 504.251, Texas Local Government Code, as amended, currently at the rate of 0.375 percent; and the adoption, in the place of such abolished tax, of a local sales and use tax in the City of Desoto at the rate of 0.375 percent to be used for the promotion and development of new and expanded business enterprises and all other public purposes pursuant to Section 505.251, Texas Local Government Code; all of which would result in no net increase in the sales and use tax collected by the City of Desoto.