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Relating to a sales tax refund for sales tax overpayments by certain oil or gas severance taxpayers.
No fiscal implication to the State is anticipated.
HB 1346 would amend Chapter 151, Tax Code, to authorize certain oil and gas producers who already file severance tax returns but who do not hold sales tax permits, to file refund claims for overpaid sales and use taxes directly with the comptroller.
Texas Action supports HB 1346 because it is aligned with our limited government principle. This bill would allow qualified oil and gas producers to file refund claims for overpaid sales and use taxes in a way that is more direct, and will result in speedier refunds, than the current process.