Enrolled Bill Summary

House Bill 2256	House Author:  Sanford
Effective:  9-1-19	Senate Sponsor:  Perry

            House Bill 2256 amends the Tax Code to provide for the use of a sampling of market cost transactions to determine the amounts of the gas production tax overpaid by a person who paid the tax under a producer's report or a first purchaser's report and remitted tax in error. The bill authorizes the comptroller of public accounts to authorize a taxpayer to conduct a managed audit to determine the taxpayer's liability for that tax and entitles the taxpayer, with certain exceptions, to a refund of any tax overpayment disclosed by the audit.