| Issue Date: | 2015-07-30 |
|---|---|
| Revised Date: | 2025-09-01 |
Legal Citations
- Tax Code sec. 151.801(c-2), sec. 151.801(f), sec. 151.801(g)
- 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) |
| 7927 | 3927 | Texas Moving Image Industry Incentive Fund (1019) |
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.
To record the biennial deposit of $300 million in sales tax revenue to the Texas Moving Image Industry Incentive Fund (1019).
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S.B. 761, 84th Leg., R.S. repealed the fireworks tax and replaced with an allocation of 2% of sales tax on fireworks.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.
Deposit to Fund 1019 added by S.B. 22, 89th Leg., R.S.