Bill Text: TX HB4257 | 2023-2024 | 88th Legislature | Introduced
Bill Title: Relating to the reimbursement allowed for the collection of sales and use taxes.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2023-05-01 - Left pending in committee [HB4257 Detail]
Download: Texas-2023-HB4257-Introduced.html
88R17267 TYPED | ||
By: Raney | H.B. No. 4257 |
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relating to the reimbursement allowed for the collection of sales | ||
and use taxes. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 151.423, Tax Code, is amended to read as | ||
follows: | ||
Sec. 151.423. REIMBURSEMENT TO TAXPAYER FOR TAX | ||
COLLECTIONS. A taxpayer may deduct and withhold |
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percent of the amount of taxes due from the taxpayer on a timely | ||
return as reimbursement for the cost of collecting the taxes | ||
imposed by this chapter. The comptroller shall provide a card with | ||
each form distributed for the collection of taxes under this | ||
chapter. The card may be inserted by the taxpayer with the tax | ||
payment to provide for contribution of all or part of the | ||
reimbursement provided by this section for use as grants under | ||
Subchapter M, Chapter 56, Education Code. If the taxpayer chooses | ||
to contribute the reimbursement for the grants, the taxpayer shall | ||
include the amount of the reimbursement contribution with the tax | ||
payment. The comptroller shall transfer money contributed under | ||
this section for grants under Subchapter M, Chapter 56, Education | ||
Code, to the appropriate fund. | ||
SECTION 2. Section 151.423, Tax Code, as amended by this | ||
Act, applies to a tax report due on or after the effective date of | ||
this Act. A tax report due before the effective date of this Act is | ||
governed by the law in effect on the date the tax report was due, and | ||
the former law is continued in effect for that purpose. | ||
SECTION 3. This Act takes effect October 1, 2023. |