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HB 397, 64th R.S.

Relating to allowing the use of irrevocable letters of credit issued by banks authorized to transact business in Texas as security for the payment of sales and use taxes under the Limited Sales, Excise and Use Tax Act; providing in certain cases for the forfeiture of security or the demand of payment on bonds or letters of credit no earlier than 60 days after the due date of sales and use taxes.

Last action: Referred to Committee on Revenue and Taxation

Author: John R. Bigham

Subjects:
Financial--Banks
Taxation--Sales

House Committee: Revenue & Taxation ()

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