Texas § TX.151.4171 - OPTIONAL REPORTING METHOD
Full text of Texas The Texas Constitution § TX.151.4171 — OPTIONAL REPORTING METHOD, with citation guidance and answers to common questions.
§ TX.151.4171. OPTIONAL REPORTING METHOD
OPTIONAL REPORTING METHOD: PERCENTAGE-BASED. (a) In this section, "percentage-based reporting method" means a method by which a taxpayer categorizes purchase transactions according to standards specified in the letter of authorization, reviews an agreed-on sample of invoices in that category to determine the percentage of taxable transactions, and uses that percentage to calculate the amount of tax to be reported. (b) The comptroller may authorize the holder of a direct payment permit to use a percentage-based reporting method. The authorized percentage must be used for a three-year period specified by the comptroller, unless the authorization is revoked by the comptroller. (c) The comptroller may revoke the authorization to report under this section if the comptroller determines that the percentage being used is no longer representative because of a change: (1) in law, including a change in the interpretation of a law or rule; or (2) in the taxpayer's business operations. (d) The decision of the comptroller to deny or revoke authorization under this section is not appealable. (e) In deciding whether to authorize reporting under this section, the comptroller may categorize transactions by dollar amount, by type of taxable item purchased, by the purpose for which the taxable item will be used, or by other standards appropriate to the taxpayer's operations. (f) The comptroller by rule may specify additional procedures that must be followed and conditions that must be met before the comptroller authorizes a taxpayer to report under this section. Added by Acts 1999, 76th Leg., ch. 457, Sec. 2, eff. Oct. 1, 1999.
Frequently Asked Questions About Texas § TX.151.4171
What does The Texas Constitution § TX.151.4171 cover?
Section TX.151.4171 ("OPTIONAL REPORTING METHOD") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § TX.151.4171?
A common citation format is "The Texas Constitution § TX.151.4171" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § TX.151.4171 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.