Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
HB 5250 aims to create a tax refund mechanism for bad debt related to motor vehicle sales. The bill introduces Section 152.049 to the Texas Tax Code, allowing sellers and lenders to claim a refund for sales taxes paid on motor vehicle sales when the associated debt is deemed uncollectible and charged off for federal tax purposes. The bill outlines eligibility criteria for refunds, procedures for claiming them, and conditions under which refunded taxes must be repaid if the debt is later recovered.
Author (1)
Oscar Longoria
Contact the Author
Rep. Oscar Longoria
Capitol Phone:
(512) 463-0645
Capitol Office:
CAP 4N.4
E-Mail:
