Texas HB1873 amends tax code to allow certain reimbursements and discounts for sales and use tax collections.

Texas HB1873 amends the Tax Code to allow taxpayers to deduct and withhold certain amounts as reimbursement for the cost of collecting sales and use taxes. Specifically, taxpayers can deduct 0.5% of their tax liability, excluding credit card sales, and 2.5% of the amount of taxes imposed on credit card sales. The comptroller will provide a card with tax forms, allowing taxpayers to contribute part of their reimbursement for grants under the Education Code. If taxpayers choose to contribute, they must include the amount with their tax payment.

Texas HB1873 amends tax code to allow certain reimbursements and discounts for sales and use tax collections.

Texas HB1873 amends the Tax Code to allow taxpayers to deduct and withhold certain amounts as reimbursement for the cost of collecting sales and use taxes. Specifically, taxpayers can deduct 0.5% of their tax liability, excluding credit card sales, and 2.5% of the amount of taxes imposed on credit card sales. The comptroller will provide a card with tax forms, allowing taxpayers to contribute part of their reimbursement for grants under the Education Code. If taxpayers choose to contribute, they must include the amount with their tax payment.