Texas Comptroller of Public Accounts
| Legal Citations: |
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| Revenue Type: Cash — Education |
| Origin Date: 1985 by H.B. 1147, 69th Leg., R.S. |
| Issue Date: 1985-09-01 |
| Revised Date: 2018-03-07 |
A taxpayer may deduct one-half of one percent of the amount of taxes due on a timely sales tax return as reimbursement for the cost of collecting the taxes. If the taxpayer chooses, he may contribute the reimbursement for ch. 56 student financial assistance grants. The taxpayer includes the contribution with his tax payment.
When tax payments are made.
Discount changed to 1/2 of 1 percent in 1987 by the H.B. 61, 70th Leg., 2nd C.S.
| Appropriation Year | 26 |
|---|---|
| USAS Title | TAX DISC DONATION-STUDENT GRANTS |
| Receipt Category | 11 – Education |
| Receipt Type | 40 – Donation or Grant |
| Object Group | 30 – Revenues |
| USAS Status | A |
| Rev/Exp Category | 05 – OTHER REVENUE |