Texas Tax Code

§ 321.202 — METHOD OF REPORTING: RETAILERS HAVING SALES BELOW TAXABLE AMOUNT

TX § 321.202Title 3. LOCAL TAXATION · Part C. LOCAL SALES AND USE TAXES · Ch. 321. MUNICIPAL SALES AND USE TAX ACT · Art. C. COMPUTATION OF TAXES

Statute text

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The exclusion provided by Section 151.411 applies to a retailer under this chapter 50 percent of whose receipts from the sales of taxable items comes from individual transactions in which the sales price is an amount on which no tax is produced from the combined state and local taxes.

Legislative history

Added by Acts 1987, 70th Leg., ch. 191, Sec. 1, eff. Sept. 1, 1987.