88R17267 TYPED
By: Raney H.B. No. 4257
A BILL TO BE ENTITLED
AN ACT
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 one-half of one1.5
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.