State of Texas – Fiscal Management

Manual of Accounts

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Revenue Object 3105 – Discount for Sales Tax – State Agencies and Higher Education
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Legal Citations:
Revenue Type: Cash — Personal Property
Origin Date: 1989
Issue Date: 1989-05-01
Revised Date: 2018-03-07

Description


A discount is offered to state agencies collecting sales and use tax and depositing the receipts into the state treasury on a timely basis. The discount is 1/2 of 1% of the total tax collected for:

  • City sales tax
  • State sales tax
  • County sales tax
  • Metropolitan transit authority tax
  • City transit department tax


Due Date


Within three (3) days after collection.



Collecting Agencies


  • All agencies charging and collecting sales and use tax.



Notes


This code is for the discount only. Separate codes have been established for the deposit of sales tax receipts. See Accounting Policy Statement No. 008 for sales tax codes. Title changes from Discount for Sales Tax -- State on September 1, 1996.


USAS Values


Appropriation Year 26
USAS Title DISCOUNT FOR SALES TAX-STATE AGYS & HE
Receipt Category 02 – Personal Property
Receipt Type 01 – Taxes
Object Group 16 – Agency/Trust Transactions (Revenue Objects)
USAS Status A
Rev/Exp Category 06 – SALES TAXES



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