Texas Tax Code

§ 152.0635 — RECORDS OF CERTAIN SELLERS

TX § 152.0635Title 2. STATE TAXATION · Part E. SALES, EXCISE, AND USE TAXES · Ch. 152. TAXES ON SALE, RENTAL, AND USE OF MOTOR VEHICLES · Art. D. TAX ENFORCEMENT PROCEDURES

Statute text

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(a)In addition to the requirements prescribed by Section 152.063, a seller engaged in seller-financed sales who has a permit under Section 152.065 shall keep the records required by this section.

(b)For seller-financed sales, the seller shall keep at the seller's principal office for at least four years from the date on which the seller receives the final payment for the motor vehicle:

(1)the lienholder's copy of the receipt for title application, registration, and motor vehicle tax issued by a county tax assessor-collector; and

(2)a ledger or other document containing a complete record of the payment history for that motor vehicle, including:

(A)the name and address of the purchaser;

(B)the total consideration;

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Legislative history

Acts 2011, 82nd Leg., 1st C.S., Ch. 4 (S.B. 1), Sec. 4.07, eff. October 1, 2011.