| 1 | 1 | | 88R17267 TYPED |
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| 2 | 2 | | By: Raney H.B. No. 4257 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | A BILL TO BE ENTITLED |
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| 6 | 6 | | AN ACT |
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| 7 | 7 | | relating to the reimbursement allowed for the collection of sales |
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| 8 | 8 | | and use taxes. |
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| 9 | 9 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 10 | 10 | | SECTION 1. Section 151.423, Tax Code, is amended to read as |
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| 11 | 11 | | follows: |
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| 12 | 12 | | Sec. 151.423. REIMBURSEMENT TO TAXPAYER FOR TAX |
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| 13 | 13 | | COLLECTIONS. A taxpayer may deduct and withhold one-half of one1.5 |
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| 14 | 14 | | percent of the amount of taxes due from the taxpayer on a timely |
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| 15 | 15 | | return as reimbursement for the cost of collecting the taxes |
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| 16 | 16 | | imposed by this chapter. The comptroller shall provide a card with |
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| 17 | 17 | | each form distributed for the collection of taxes under this |
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| 18 | 18 | | chapter. The card may be inserted by the taxpayer with the tax |
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| 19 | 19 | | payment to provide for contribution of all or part of the |
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| 20 | 20 | | reimbursement provided by this section for use as grants under |
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| 21 | 21 | | Subchapter M, Chapter 56, Education Code. If the taxpayer chooses |
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| 22 | 22 | | to contribute the reimbursement for the grants, the taxpayer shall |
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| 23 | 23 | | include the amount of the reimbursement contribution with the tax |
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| 24 | 24 | | payment. The comptroller shall transfer money contributed under |
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| 25 | 25 | | this section for grants under Subchapter M, Chapter 56, Education |
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| 26 | 26 | | Code, to the appropriate fund. |
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| 27 | 27 | | SECTION 2. Section 151.423, Tax Code, as amended by this |
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| 28 | 28 | | Act, applies to a tax report due on or after the effective date of |
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| 29 | 29 | | this Act. A tax report due before the effective date of this Act is |
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| 30 | 30 | | governed by the law in effect on the date the tax report was due, and |
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| 31 | 31 | | the former law is continued in effect for that purpose. |
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| 32 | 32 | | SECTION 3. This Act takes effect October 1, 2023. |
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