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House Bill 1258 |
House Author: Ashby et al. |
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Effective: 9-1-21 |
Senate Sponsor: Schwertner |
House Bill 1258 amends the Tax Code to require an applicable financial institution to exchange data each calendar quarter with the comptroller of public accounts or the comptroller's agent to facilitate matching the names of individuals who are delinquent in a comptroller‑administered tax or fee with the names of account holders using a specified all accounts method or specified matched accounts method. The bill, among other provisions, authorizes the comptroller to contract with a third party to facilitate the implementation of the bill's provisions.