(a) If any funds deposited under this chapter are placed into an interest-bearing
account, any person with a taxable interest in funds deposited to such account must
submit appropriate tax forms and provide correct information to the district or county
clerk so that the interest earned on such funds can be timely and appropriately reported
to the Internal Revenue Service. The information and forms provided to the district or county clerk under this section
are not subject to public disclosure except to the extent necessary to effectuate
compliance with federal tax law requirements.
(b) The district or county clerk is authorized to pay any or all of the interest earned
on funds deposited under this chapter, without court order, to the Internal Revenue
Service to satisfy tax withholding requirements.
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