Issue Date: 2000-01-01
Revised Date: 2001-09-01

Object Type

Cash — Other Expenditures

Reference

Description

To record the payment of interest, calculated at the rate established under TEX. TAX CODE 111.064 for refunds issued under TEX. TAX CODE Ch. 111. Interest is payable on taxes and fees collected by the Comptroller other than those collected under Title 6, Property Code, or under a cooperative agreement made under TEX. TAX CODE 162.003 for the exchange of information and auditing of certain users of motor fuel. Interest does not accrue on credits taken on a taxpayer's return or on refunds for report periods due before January 1, 2000, as described in TEX. TAX CODE 111.064. This code does not include payments made for interest earned on taxes paid under protest (7812).

Note

This code does NOT include:

  • Other interest on evidence of indebtedness or judgments against the state (7802)
  • Interest paid under the provisions of the prompt payment law (7806)
  • Interest paid on protest tax payments (7812)

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

USAS Values

Appropriation Year 20
USAS Title INTEREST ON REFUND OR CREDIT OF TAX/FEE
Object Group 10 – Expenditures
USAS Status A
Rev/Exp Category 04 – OTHER EXPENDITURES