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A BILL TO BE ENTITLED
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AN ACT
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relating to the reimbursement allowed for the collection of sales |
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and use taxes. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 151.423, Tax Code, is amended to read as |
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follows: |
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Sec. 151.423. REIMBURSEMENT TO TAXPAYER FOR TAX |
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COLLECTIONS. A taxpayer may deduct and withhold one-half of one1.5 |
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percent of the amount of taxes due from the taxpayer on a timely |
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return as reimbursement for the cost of collecting the taxes |
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imposed by this chapter. The comptroller shall provide a card with |
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each form distributed for the collection of taxes under this |
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chapter. The card may be inserted by the taxpayer with the tax |
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payment to provide for contribution of all or part of the |
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reimbursement provided by this section for use as grants under |
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Subchapter M, Chapter 56, Education Code. If the taxpayer chooses |
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to contribute the reimbursement for the grants, the taxpayer shall |
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include the amount of the reimbursement contribution with the tax |
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payment. The comptroller shall transfer money contributed under |
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this section for grants under Subchapter M, Chapter 56, Education |
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Code, to the appropriate fund. |
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SECTION 2. Section 151.423, Tax Code, as amended by this |
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Act, applies to a tax report due on or after the effective date of |
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this Act. A tax report due before the effective date of this Act is |
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governed by the law in effect on the date the tax report was due, and |
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the former law is continued in effect for that purpose. |
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SECTION 3. This Act takes effect October 1, 2023. |