State of Texas – Fiscal Management

Manual of Accounts

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Expenditure Object 7685 – Allocation To Taxing Unit - Bank Franchise Tax
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Inactive

This expenditure object is inactive. Please see the notes section for further information regarding the inactive status. Recently inactivated objects may remain active in USAS for a period of time to complete outstanding transactions or for other accounting purposes.

Object Type: Cash — Intergovernmental Payments
Reference:
Issue Date: 2009-09-23
Revised Date: 2011-04-25

Description

To record allocation of that part of the franchise tax collected from banking corporations to the taxing units for lost ad valorem taxes.

Expenditure code 7685 includes, but is NOT limited to:

  • Allocation (bank franchise tax)

Notes

Restricted: This code may be used only by the Comptroller -- State Fiscal, Agency 902.

USAS Values

Appropriation Year
USAS Title
Object Group
USAS Status
Rev/Exp Category



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