Texas Statutes (Last Updated: January 4, 2014) |
TAX CODE |
Title 2. STATE TAXATION |
Subtitle E. SALES, EXCISE, AND USE TAXES |
Chapter 151. LIMITED SALES, EXCISE, AND USE TAX |
Subchapter I. REPORTS, PAYMENTS, AND METHODS OF REPORTING |
Sec. 151.4261. CREDIT OR REIMBURSEMENT IN RETURN TRANSACTIONS
Latest version.
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A seller is entitled to a credit or reimbursement equal to the amount of sales tax refunded to a purchaser when the purchaser receives a full or partial refund of the sales price of a returned taxable item.
Added by Acts 2009, 81st Leg., R.S., Ch. 1378 , Sec. 2, eff. September 1, 2009.