Issue Date: 2001-05-01
Revised Date:

Object Type

Cash — Other Expenditures

Reference

Description

To record the payment of interest earned on taxes paid under protest per TEX. TAX CODE 112.060. If a suit results in final determination that all or part of the money paid under protest is due the taxpayer, the comptroller refunds the taxes due and pays the amount of interest due in accordance with state law.

Expenditure code 7812 includes, but is NOT limited to:

  • Interest (protest payments)

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 refund or credit of tax or fee (7811)

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

USAS Values

Appropriation Year 20
USAS Title INTEREST ON PROTEST PAYMENTS
Object Group 10 – Expenditures
USAS Status A
Rev/Exp Category 04 – OTHER EXPENDITURES