Texas HB3486 allows restaurant owners to deduct $5 for every 100 Texas farm-raised oysters from their sales tax liability.

Texas HB3486 amends the Tax Code to introduce a deduction for restaurant owners who purchase Texas farm-raised oysters. Owners of food service establishments can deduct and withhold from their tax liability $5 for every 100 Texas farm-raised oysters bought for preparation and service at their establishment. The comptroller can require additional information to verify the accuracy of the deduction and may adopt rules to implement this provision. The change in law does not affect tax liability accruing before the effective date of the Act.

Texas HB3486 allows restaurant owners to deduct $5 for every 100 Texas farm-raised oysters from their sales tax liability.

Texas HB3486 amends the Tax Code to introduce a deduction for restaurant owners who purchase Texas farm-raised oysters. Owners of food service establishments can deduct and withhold from their tax liability $5 for every 100 Texas farm-raised oysters bought for preparation and service at their establishment. The comptroller can require additional information to verify the accuracy of the deduction and may adopt rules to implement this provision. The change in law does not affect tax liability accruing before the effective date of the Act.