| Issue Date: | 1985-09-01 |
|---|---|
| Revised Date: |
Legal Citations
- Business and Commerce Code sec. 17.08
Object Type
Cash — Other Revenue
Origin Date
1985 by S.B. 681, 69th Leg.
Description
Individuals or companies properly licensed by Secretary of State to use Great Seal of Texas for private purposes must pay royalty assessment on portion of annual gross receipts related to licensed use. Royalty is 3% of licensee's annual gross receipts in excess of $5,000.
Due Date
Annually as determined by the Secretary of State.
Collecting Agencies
Deposit Funds
Note
USAS Values
| Appropriation Year | 25 |
|---|---|
| USAS Title | ROYALTIES |
| Receipt Category | 14 – Other |
| Receipt Type | 30 – State Service Fees |
| Object Group | 30 – Revenues |
| USAS Status | A |
| Rev/Exp Category | 01 – LICENSES, FEES, FINES, AND PENALTIES |