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Texas Tax Code - TAX § 152.048. Gross Receipts Presumed Subject to Tax

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) All gross receipts of a seller required to obtain a permit under Section 152.065 are presumed to be subject to the provisions of this code.

(b) The presumption provided by Subsection (a) does not apply to receipts:

(1) on which a tax imposed under other law is computed and paid to the comptroller;  or

(2) for which a properly completed resale or exemption certificate is accepted by the seller.

(c) The seller may overcome the presumption under Subsection (a) by credible evidence that the receipts are not from a seller-financed sale or that the tax on those receipts has been sent to the comptroller.

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Cite this article: FindLaw.com - Texas Tax Code - TAX § 152.048. Gross Receipts Presumed Subject to Tax - last updated January 01, 2024 | https://codes.findlaw.com/tx/tax-code/tax-sect-152-048/

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