Relating to the deferral by a licensed distributor or importer of payment of gasoline and diesel fuel taxes and information required on a tax return relating to credits authorized for certain of those deferrals.
Impact
If enacted, HB2578 would have a significant impact on how fuel taxes are collected and managed within the state. The changes proposed by the bill could lead to improved efficiency in tax processing for distributors, allowing them to defer certain tax payments under defined criteria. This would potentially ease financial burdens on fuel distributors, enabling better cash flow management and possibly leading to cost efficiencies that could be passed on to consumers.
Summary
House Bill 2578 aims to amend provisions related to the deferral of gasoline and diesel fuel taxes by licensed distributors and importers. The bill seeks to clarify the information that must be included on tax returns regarding credits authorized for deferral payments. By modifying Sections 162.116 and 162.217 of the Tax Code, the legislation intends to streamline reporting requirements for fuel distributors and enhance the structure of tax compliance.
Contention
While HB2578 has the potential to simplify tax procedures for fuel distributors, it may also raise concerns among state policymakers about potential losses in tax revenue if deferral credits are not correctly monitored. The bill's provisions could lead to debates about the effectiveness of current oversight mechanisms over fuel taxation and whether the changes adequately protect the state's revenue interests while supporting the industry.
Very Similar
Relating to the deferral by a licensed distributor or importer of payment of gasoline and diesel fuel taxes and credits authorized for certain of those deferrals.
Relating to state and municipal motor fuel taxes; providing civil penalties; creating criminal offenses; requiring occupational licenses; authorizing the imposition of taxes; providing for increases and decreases in the rates of taxes.
Relating to the rate at which interest accrues in connection with the deferral or abatement of the collection of ad valorem taxes on certain residence homesteads.
Relating to the deferral by a licensed distributor or importer of payment of gasoline and diesel fuel taxes and credits authorized for certain of those deferrals.
Relating to state and municipal motor fuel taxes; providing civil penalties; creating criminal offenses; requiring occupational licenses; authorizing the imposition of taxes; providing for increases and decreases in the rates of taxes.
Relating to state and municipal motor fuel taxes; providing civil penalties; creating criminal offenses; requiring occupational licenses; authorizing the imposition of taxes; providing for increases and decreases in the rates of taxes.
Relating to a county motor fuels tax in certain counties for mobility improvement projects; providing authority to impose the tax, issue bonds, and impose penalties.
Relating to a county motor fuels tax in certain counties for mobility improvement projects; providing authority to impose the tax, issue bonds, and impose penalties.
Relating to a county motor fuels tax in certain counties for mobility improvement projects; providing authority to impose the tax, issue bonds, and impose penalties.