| Issue Date: | 2015-07-30 |
|---|---|
| Revised Date: | 2021-09-01 |
Legal Citations
- Tax Code sec. 151.801(c-2), sec. 151.801(f)
- Occupations Code sec. 2028.2041
Codes
| Out | In | For |
|---|---|---|
| 7927 | 3927 | Rural Volunteer Fire Department Insurance (5066) |
| 7927 | 3927 | Horse Industry Escrow Trust Account (0876) |
| 7927 | 3927 | Texas Music Incubator (5193) |
Purpose
To record the allocation of 2% of sales tax (3102) on fireworks to GR Account 5066 - Rural Volunteer Fire Department Insurance.
To record the allocation of sales tax on horse-related sales to Horse Industry Escrow Trust Account (0876)
To record the annual $100,000 allocation of sales tax to GR Account 5193 - Texas Music Incubator.
Note
S.B. 761, 84th Leg., R.S. repealed the fireworks tax and replaced with an allocation of 2% of sales tax on fireworks.
Horse-related sales tax added by H.B. 2463, 86th Leg., R.S.
Allocation of sales tax to GR Account 5193 added by S.B. 609, 87th Leg., R.S.