81st Texas Legislature, Senate Bill 1782, Chapter 552 Page: 4 of 6
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S.B. No. 1782
1 SECTION 4. Subsection (c), Section 162.217, Tax Code, is
2 amended to read as follows:
3 (c) A supplier or permissive supplier may take a credit for
4 any taxes that were not remitted in a previous period to the
5 supplier or permissive supplier by a licensed distributor or
6 licensed importer as required by Section 162.214. The supplier or
7 permissive supplier is eligible to take this credit if the
8 comptroller is notified of the default within 15 [6]I days after the
9 default occurs. If a license holder pays to a supplier or
10 permissive supplier the tax owed, but the payment occurs after the
11 supplier or permissive supplier has taken a credit on its return,
12 the supplier or permissive supplier shall remit the payment to the
13 comptroller with the next monthly return after receipt of the tax,
14 plus a penalty of 10 percent of the amount of unpaid taxes and
15 interest at the rate provided by Section 111.060 beginning on the
16 date the credit is taken.
17 SECTION 5. Subsection (d), Section 162.116, and Subsection
18 (d), Section 162.217, Tax Code, are repealed.
19 SECTION 6. The changes in law made by this Act apply only to
20 a credit claimed, or the termination of tax payment deferral
21 following a credit requested, on or after the effective date of this
22 Act. A credit claimed, or the termination of tax payment deferral
23 following a credit requested, before the effective date of this Act
24 is governed by the law in effect on the date the credit was claimed
25 or requested, and the former law is continued in effect for that
26 purpose.
27 SECTION 7. This Act takes effect immediately if it receives4
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Texas. Legislature. Senate. 81st Texas Legislature, Senate Bill 1782, Chapter 552, legislative document, June 19, 2009; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth149450/m1/4/: accessed April 30, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.