Texas Tax Code

§ 151.0231 — MANAGED AUDITS

TX § 151.0231Title 2. STATE TAXATION · Part E. SALES, EXCISE, AND USE TAXES · Ch. 151. LIMITED SALES, EXCISE, AND USE TAX · Art. B. ADMINISTRATION AND RECORDS

Statute text

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(a)In this section, "managed audit" means a review and analysis of invoices, checks, accounting records, or other documents or information to determine a taxpayer's liability for tax under this chapter.

(b)A managed audit may be limited to certain categories of liability under this chapter, including tax on:

(1)sales of one or more types of taxable items;

(2)purchases of assets;

(3)purchases of expense items;

(4)purchases under a direct payment permit; or

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Legislative history

Added by Acts 1999, 76th Leg., ch. 457, Sec. 1, eff. Oct. 1, 1999.