Texas House Bill HB53

Texas 2013 - 83rd Regular

• Filed: 11/12/12

Caption

Relating to certain reimbursements provided for the collection of sales and use taxes.

Impact

The bill establishes limits on the amount of reimbursement that can be received by taxpayers based on their filing frequency. Specifically, the bill sets monthly, quarterly, and annual caps on the total amount of reimbursement a taxpayer can claim. This creates a structured framework under which taxpayers can calculate their eligible reimbursements, ensuring that the reimbursement process is straightforward and transparent. The bill aims to ease the financial burden on taxpayers while ensuring that state revenue collection remains stable.

Summary

House Bill 53 seeks to amend the Texas Tax Code with respect to reimbursements provided for the collection of sales and use taxes. The primary change allows taxpayers to deduct three-fourths of one percent from their tax payments as reimbursement for the costs associated with tax collection. This legislative adjustment is aimed at providing financial relief to taxpayers by allowing them to retain a portion of their collected tax revenue to compensate for their administrative costs in collecting these taxes.

Sentiment

Overall sentiment towards HB53 appears to be neutral, as it primarily deals with administrative adjustments rather than controversial policy changes. Supporters may appreciate the relief provided to taxpayers, while others might be concerned about the longer-term implications the bill might have on state revenues from sales taxes. The sentiment appears constructive, focusing on the practicality of tax collection and financial compensation for taxpayers who undertake this responsibility.

Contention

Notably, there could be contention regarding the impact of the deduction limits, as they may not sufficiently cover the varying costs incurred by different taxpayers, especially small businesses. Critics might argue that the cap places an undue burden on those with higher administrative costs, potentially leading to disparities in how different businesses are affected by the legislation. Additionally, there may be concerns regarding the potential implications for state revenue if too many taxpayers utilize the reimbursement, thus highlighting the delicate balance between taxpayer relief and adequate state funding.