On June 10, 2011, the Texas House passed with amendments S1, the Senate omnibus fiscal matters bill, which contains myriad tax provisions. The proposed legislation provides that a taxpayer who in August 2013 is required to pay sale and use taxes on or before the 20th day of that month, who pays the taxes by electronic funds transfer, and who does not prepay as provided by state law, must remit an additional tax prepayment of 25% of the amount the taxpayer is otherwise required to remit during August 2013. The taxpayer can then take a credit in the amount of the additional payment against the next payment due.
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