How SB1513 changes current law

Compared against the Texas statutes as published AI-generated reading aid — verify against the official bill.

This bill amends 2 section(s) of the Texas statutes: Section 151.423, Tax Code, Section 151.424, Tax Code.

• Section 151.423, Tax Code

  A on a timely return as reimbursement for the cost of collecting the taxes imposed by this chapter (c) → (a) In this section, "credit card" means a payment card issued to a cardholder to pay a merchant based on the cardholder's promise to pay a credit card issuer. A "credit card issuer" means an entity that provides a credit card to an end user (b) As reimbursement for the cost of collecting the taxes imposed by this chapter, a on a timely return : (1) , other than taxes imposed on credit card sales; and (2) In the case of purchases made by credit card, 2.5 percent of the amount of taxes due from the taxpayer (b)

  amended

• Section 151.424, Tax Code

  Section 151.423 of this code the → of taxes described by Section 151.423(b)(1) that section that that (a-1) A taxpayer may not deduct or withhold any amount under this section of a prepayment of the taxpayer's tax liability for taxes described by Section 151.423(b)(2).

  amended