| Issue Date: | 1985-09-01 |
|---|---|
| Revised Date: | 2018-03-07 |
Legal Citations
- Tax Code sec. 151.423
Object Type
Cash — Education
Origin Date
1985 by H.B. 1147, 69th Leg., R.S.
Description
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.
Due Date
When tax payments are made.
Collecting Agencies
- 902 – Comptroller - State Fiscal for the Texas Higher Education Coordinating Board, Agency 781
Deposit Funds
Note
Discount changed to 1/2 of 1 percent in 1987 by the H.B. 61, 70th Leg., 2nd C.S.
USAS Values
| Appropriation Year | 25 |
|---|---|
| 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 |